Which of the Following Is a Characteristic of E-Commerce During

question 69

Multiple Choice

Which of the following is a characteristic of e-commerce during the Invention period?

• A) mobile technology
• B) earnings and profit emphasis
• C) disintermediation
• D) extensive government surveillance

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Definitions:

Marginal Cost

Marginal cost is the additional cost incurred in the production of one more unit of a good or service.

Average Total Cost

The per unit cost of production, calculated by dividing the total costs (fixed and variable) by the total quantity of output produced.

Economic Profits

The excess of a firm's total revenues over its opportunity costs, reflecting profitability beyond the normal return on investment.

Competitive Price-searcher Market

A market in which firms have some control over prices because their products are differentiated, but they still face competition and must search for competitive pricing strategies.