A Subset of E-Commerce That Uses Social Networks to Assist

question 64

Multiple Choice

A subset of e-commerce that uses social networks to assist in marketing and purchasing products is known as social ________.

• A) business
• B) shopping
• C) enterprise
• D) commerce

Identify costs associated with making or buying decisions and calculate their impact on profitability.

Recognize the importance of contribution margin in making decisions about product discontinuation or continuation.

Determine the relevance of sunk costs in decision-making processes.

Calculate the differential effect on profit from accepting special pricing orders.

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Definitions:

Predictors

Variables used in regression analysis to forecast the value of an outcome variable.

Independent Variable

An independent variable is a variable that is manipulated or changed in an experiment to test its effect on a dependent variable.

Dependent Variable

The outcome factor in a study that changes in response to manipulations of the independent variable.

Predicted Score

An estimate based on a model or algorithm of what a variable's value will be based on other variables.