The Kind of Service Provided to Keep an Electronic Commerce

question 81

Short Answer

The kind of service provided to keep an electronic commerce site up and running throughout a day, all the days in a week, is often called _____.

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Definitions:

Ticket Price

The cost charged for admission to an event or access to a service.

Value Of Time

The economic worth assigned to time, reflecting what is foregone in engaging in a particular activity versus alternative uses.

Scarce Resources

Economic concept describing materials or services in limited availability relative to desired uses, necessitating allocation.

Efficient

In economic terms, relates to an allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.