You Are Good at Creating Web Sites

question 203

Multiple Choice

You are good at creating Web sites.You make a social media Web site similar to Facebook,but after a while your Web site does not get enough attention and your business fails.This is because ________.

• A) Facebook has a patent on social media and it challenges you in court
• B) of the increasing average costs of running the Web site
• C) of the network externality already established for Facebook
• D) of the high costs of entering this market

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Definitions:

Survey Of Consumer Finances

The Survey of Consumer Finances is a detailed survey conducted by the Federal Reserve to gather information about household finances in the United States, including income, saving, debt, and net worth.

SCF

Statement of Cash Flows, a financial report that details the inflows and outflows of cash for a business over a specified period.

Parameter

A characteristic or constant factor that can be measured and used to describe a system or set the conditions of an experiment.

Statistic

A numerical value that represents a summary measure of a sample, used to estimate parameters of the population.