When a Company Offers Consumers the Ability to Make Purchases

question 97

Multiple Choice

When a company offers consumers the ability to make purchases via a smart phone,this is known as:

• A) m-commerce.
• B) smart retailing.
• C) cell selling.
• D) e-tailing.
• E) channel expansion.

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Definitions:

March

The third month of the year in the Gregorian calendar.

Standard Amount

A predetermined benchmark for expenses, revenues, or units produced, used for budgeting and measuring performance.

Actual Output

The quantity of finished goods or services produced by a company over a specific period.

Labor Rate Variance

The difference between the actual cost of labor and the budgeted cost of labor, based on the standard rate and actual hours worked.