Online Sales and Internet Activity Will Account for More Than

question 102

True/False

Online sales and Internet activity will account for more than 60 percent of total retail sales.

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Definitions:

Output

The amount of goods or services produced by a company, industry, or economy within a certain period.

Revenue

The total income generated by a company or organization from its normal business operations.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, keeping all other inputs constant.

Profit-maximizing

A strategy or point where a firm or entity makes the highest possible profit under given market conditions.