Auction-Based Pricing Is a Pricing Method Used Primarily on the Internet

question 60

True/False

Auction-based pricing is a pricing method used primarily on the Internet where price is determined by willing buyers and sellers.

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Definitions:

Alvin Toffler

An American writer and futurist known for his works discussing modern technologies, including the digital and the communication revolution, and their effects on culture, society, and the economy.

Agricultural Revolution

The significant transformation in agriculture that began in the 18th century, marked by improved techniques and tools that significantly increased food production.

Third Wave

A term used in different contexts; in sociology, it refers to the third phase of the feminist movement; in technology, it refers to the third era of computing and digital innovation.

Sustainability

Practices and strategies for maintaining ecological balance by avoiding depletion of natural resources.