MS Market Is a Proprietary Internal E-Commerce _______________ System That

question 64

Multiple Choice

MS Market is a proprietary internal e-commerce _______________ system that works on Microsoft's intranet and has drastically reduced the personnel needed to manage low-cost requisitions.

• A) sales
• B) inventory
• C) purchasing
• D) marketing

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Definitions:

Marginal Costs

The additional cost incurred from producing one more unit of a good or service.

Aggregate Supply Curve

The aggregate supply curve represents the total output of goods and services that firms in an economy are willing and able to produce at different price levels, holding all else constant.

Output Increases

A rise in the quantity of goods or services produced by an economy or firm over a specific period.

Potential Output

The highest level of GDP a country can achieve when its resources are fully employed, without causing inflation.