Examlex

Solved

Because She Frequently Buys Books at Amazon

question 281

Multiple Choice

Because she frequently buys books at Amazon.com, Sophie Soleil set up an account and password at the website. Now, when she logs on and searches for a specific book, a note pops up at the center of her laptop screen saying: "Hello, Sophie, we have recommendations for you," and proceeds to list other titles that Sophie might enjoy based on her previous purchases. Amazon can remember Sophie (and her previous purchases) because the online retailer uses:


Definitions:

Annual Interest Rate

The percentage rate indicating the total amount of interest paid or earned over a one-year period.

Competitive Market Price

The price established through competition where the amount supplied is equal to the amount demanded.

Interest Rate

The segment of a loan that results in interest fees for the borrower, commonly presented as an annual percent.

Interest Rate

The cost, shown as a percentage of the principal amount, that a lender requires from a borrower to use resources.

Related Questions