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Discuss the following electronic commerce business models and give examples of each type: online direct marketing, electronic tendering system, name-your-own-price, find-the-best-price, affiliate marketing, and viral marketing.
Proportion
An equation that states two ratios are equivalent, often used to solve for an unknown value.
X
Commonly used as a variable or unknown quantity in mathematics and algebra.
List Price
The manufacturer's suggested retail price that a product should be sold for.
Discounted
A reduced price or value, often as an incentive for purchase, representing a deduction from the usual cost of goods or services.
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