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If a Business Needs Bids on Installing a Wastewater Treatment

question 41

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If a business needs bids on installing a wastewater treatment centre, it can visit Korony.com, an Internet company, list its requirements, and ask for bids.Because the purpose of this website is to put buyers and sellers together so that a sale can be made, this site can be categorized as a(n) _____.


Definitions:

Units of Output

The measurable amount of goods or services produced by a company or industry.

Internal Economies of Scale

cost advantages that a firm obtains due to expansion, leading to a decrease in the average cost per unit.

Plant

A facility where goods are produced or processed, also referring to the physical capital in production.

Firm

An organization that sells goods or services in order to make a profit.

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