Cloud Computing,such as Apple's ICloud,enables Businesses and Consumers to Share

question 334

Multiple Choice

Cloud computing,such as Apple's iCloud,enables businesses and consumers to share one's data or use a firm's software application like Microsoft Office directly from that firm's or a third party's server over the Internet rather than having that data file or program reside on a personal computer.This is an example of a change in the __________ marketing environment.

• A) regulatory
• B) sociocultural
• C) competitive
• D) technological
• E) marketing mix

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, or loan payments.

Short-Run Profit

The profit earned by a firm in the short term, typically considering only variable costs and fixed costs remaining constant.

Market Price

The existing rate at which a commodity or service is offered for buying or selling in a marketplace.

Soybeans

A type of legume native to East Asia, widely grown for its edible bean which has numerous uses.