Use the Following to Answer Questions

question 80

Multiple Choice

Use the following to answer questions:
Matching
Selecting from the following list of terms, match the description with the best answer.Some terms may be used more than once or not at all.
-A site where you can upload photos, share interests, and post messages to friends

• A)Fiber-optic cable
• B)World Wide Web
• C)Social media site
• D)HTML

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Definitions:

Terms of Sale

The conditions and stipulations under which a sale is conducted, including payment, delivery, and warranty details.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market more efficiently than if there were multiple suppliers, due to high fixed or startup costs.

Investor Owned

Pertains to a business or entity that is privately owned by investors who seek to earn profits from the operation.