Regarding E-Commerce Web Site Resources

question 212

Multiple Choice

Regarding e-commerce Web site resources:

• A) Purchasing specifications are commonly used online to describe what a firm wants to buy.
• B) Online auction sites commonly operate for the benefit of sellers.
• C) Competitive bidding systems commonly drive down prices at procurement hubs.
• D) Online reverse auctions sites commonly operate for the benefit of buyers.
• E) All of the above are true.

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Definitions:

Step-variable

Costs that remain fixed over small ranges of production or activity levels but can change with larger shifts in activity.

Mixed

A category that includes a combination of various elements or types.

Variable

An element, feature, or factor that is liable to vary or change.

Fixed

Refers to costs or expenses that do not change in proportion to the level of activity or production volume, such as rent or salaries.