Collaborative Filtering Gives Marketers the Ability to Make a Dead-On

question 64

Multiple Choice

Collaborative filtering gives marketers the ability to make a dead-on sales recommendation to a buyer in

• A)a manner of minutes.
• B)real time.
• C)click time.
• D)virtual time.
• E)bona fide time.

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Definitions:

Marginal Revenue

The boost in revenue experienced by a company when it sells an extra unit of its goods or services.

Purely Competitive Firm

A company that operates in a market where there are many sellers and buyers, the products are homogeneous, and there is free entry and exit from the market.

Vertical Axis

The y-axis in a graph, which typically shows the range of values for the variable measured.

Pure Competition

A market structure featuring a large number of small firms selling identical products, with no single firm able to influence market price.