________ Create and Sell Access to Digital Electronic Markets

question 54

Multiple Choice

________ create and sell access to digital electronic markets.

• A)E-distributors
• B)Portals
• C)E-procurement firms
• D)Market creators

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Definitions:

Variable Cost

Charges that adjust according to the volume of goods produced or services provided.

Output

The total quantity of goods or services produced by a firm or industry during a specific period.

Labor

Describes the use of human physical and mental capabilities in creating products and services.

Average-Variable-Cost Curve

The average-variable-cost curve graphs the unit variable cost against the level of output, typically showing a U-shaped curve due to economies and diseconomies of scale.