What Is a Value-Added Network

question 51

Multiple Choice

What is a value-added network?

• A) Are natural parts of the Earth's environment that can be used as physical paths to carry electrical signals.
• B) A way to use the public telecommunication infrastructure (e.g., Internet) to provide secure access to an organization's network.
• C) A private network, provided by a third party, for exchanging information through a high capacity connection.
• D) Refers to a type of cable composed of four (or more) copper wires twisted around each other within a plastic sheath.

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Definitions:

Willingness to Pay

The maximum amount an individual is prepared to spend on a good or service, reflecting the value they place on it.

Consumer Surplus

The discrepancy in the total charges consumers are prepared and economically able to bear for a good or service, and the charges they actually bear.

Willingness to Pay

The maximum amount an individual is prepared to spend for a good or service, reflecting the value they assign to it.

Consumer Surplus

The difference as marked by what consumers are prepared to spend on a good or service versus the actual payment made.