The Communication Capabilities of Internet-Enabled Technologies Provide Consumer Convenience,reduce Information

question 72

Multiple Choice

The communication capabilities of Internet-enabled technologies provide consumer convenience,reduce information search costs,and make choice assistance possible.Communication also promotes

• A)consumer responsibility.
• B)closer global alliances.
• C)web communities.
• D)social responsibility.
• E)courteous online dialogue.

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Definitions:

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the total number of units produced.

Fixed Cost

refers to a business expense that remains constant regardless of the level of production or sales, such as rent or salaries.

Total Cost

The aggregate of every expense related to the creation of services or goods, taking into account both constant and fluctuating costs.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity produced, indicating the average cost per unit.