Cybermediation Refers to the Creation of New Kinds of Intermediaries

question 21

Multiple Choice

Cybermediation refers to the creation of new kinds of intermediaries that simply could not have existed before the advent of e-business.Which of the following are examples of intermediaries involved in cybermediation?

• A)Webjet
• B)Airbnb
• C)Stayz
• D)All the answers are correct

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Definitions:

Total Product Curve

A graphical representation showing how the total output of a firm varies with the level of a single input, keeping other inputs constant.

Consumer Incomes

The total amount of income earned by consumers, influencing their purchasing power and demand for goods and services.

Average Product

The output produced, on average, by each unit of a variable input, such as labor.

Labor

Human effort, whether physical or mental, exerted in the production of goods and services.