_____ Created Its Own Social Networking Web Site, IdeaStorm, as a Means

question 47

Multiple Choice

_____ created its own social networking Web site, IdeaStorm, as a means for its millions of customers around the world to talk about new products, services, or improvements they would like.

• A) Apple
• B) Dell
• C) Hewlett Packard
• D) IBM

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Definitions:

Profits

The difference between the revenue a company earns from selling its products or services and its total costs.

Price Discrimination

The strategy of selling the same product at different prices to different groups of buyers.

Oligopoly

A market structure characterized by a small number of firms that hold a significant market share, leading to limited competition.

Price Discrimination

A pricing strategy where a business charges different prices to different customers for the same product or service, based on what the seller believes the customer is willing to pay.