Netnography

question 59

Multiple Choice

Netnography:

• A) studies the evolution of human beings.
• B) studies different kinds of computer software.
• C) studies human material remains.
• D) studies the growth of information technology.
• E) studies the behavior of online cultures and communities.

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Definitions:

Total Revenue

The entire amount of income received by a firm from selling its goods or services before any expenses are deducted.

Total Cost

The sum of fixed and variable costs incurred by a firm in producing and offering a product or service for sale.

Fixed Cost

Costs that do not change with the level of output or sales, such as rent, salaries, and insurance premiums.

Economic Profit

The difference between the total revenue earned by a business and the total costs (both explicit and implicit) of all resources used.