The Internet Is a New ________ for Making Products Available

question 1

Multiple Choice

The Internet is a new ________ for making products available at the right time,at the right place,and in the right quantities.

• A)medium
• B)promotional device
• C)distribution channel
• D)All of the above
• E)None of the above The Internet is a new distribution channel for making products available at the right time,at the right place,and in the right quantities.

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Definitions:

Accounting Profits

The net income for a company calculated by subtracting total expenses from total revenues, according to standard accounting practices.

Cost Per Unit

The amount of financial expense associated with producing a single unit of a product or service.

Production

The process of creating goods and services through the combination of labor, capital, and resources.

Economic Profit

A measure of profit that includes recognition of implicit costs (like the cost of equity capital). Economic profit measures the true profitability of decisions.