E-Commerce Refers To

question 96

Multiple Choice

E-commerce refers to:

• A)environmental commerce
• B)electronic commerce
• C)economic commerce
• D)exploratory commerce

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Definitions:

AVC Curve

The graph that represents the average variable cost per unit of output at different levels of production.

Variable Cost

Costs that change in proportion to the level of output or activity, such as materials and labor used in production.

Fixed Cost

A constant expense that does not change with the level of production or sales.

Total Revenues

The complete amount of income generated by a company or organization before any expenses are deducted.