Using the Internet to Make Products and Services Available for Consumption

question 55

Multiple Choice

Using the Internet to make products and services available for consumption or use by consumers or organizational buyers is referred to as

• A)electronic distribution channels.
• B)virtual marketing channels.
• C)World Wide Web networks.
• D)Internet marketing channels.
• E)Web 3.0 marketing channels.

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Definitions:

Revenues

The total income generated from normal business operations and other activities, before any expenses are subtracted.

Cash Basis

An accounting method that recognizes revenues and expenses only when cash is exchanged.

GAAP

Generally Accepted Accounting Principles; the common set of accounting standards and procedures used in the U.S. to compile financial statements.

Revenue Recognition

A principle within accounting that determines the specific conditions under which revenue is recognized or accounted for.