Complete the Following Using the Terms Listed

question 33

Multiple Choice

Complete the following using the terms listed.
-The concept of conducting business transactions via the Internet is known as _____.

• A)e-commerce
• B)electronic data interchange (EDI)
• C)Electronic storefronts
• D)Secure Sockets Layer (SSL)
• E)electronic wallet
• F)firewall
• G)phishing
• H)blog
• I)Click-through rate
• J)conversion rate

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Definitions:

Automated Production

Automated production involves the use of various technologies and machinery to streamline production processes, reducing human intervention and increasing efficiency.

Per-Unit Costs

The average cost associated with producing one unit of a good or service, calculated by dividing total costs by the number of units produced.

Labor Productivity

A measure of economic performance that calculates the amount of goods and services produced per hour of labor.

Mechanized Transportation

The use of machinery, such as cars, trains, and airplanes, to move goods and people over distances, significantly increasing efficiency and speed compared to traditional methods.