Your Textbook Describes a Number of E-Business Models

question 108

Multiple Choice

Your textbook describes a number of e-business models. Which of the terms below best fits the following description: "Vendors ask partners to place logos or banner ads on their sites. If customers click the logo, go to vendor's site, and buy something, the vendor pays a commission to partners."

• A) Membership
• B) Freemium
• C) Subscription
• D) Affiliate marketing

Recognize the impact of income changes on the demand for normal and inferior goods.

Analyze the impact of price changes on related goods (substitutes and complements).

Examine graphical representations of changes in demand and quantity demanded.

Understand the implications of the law of demand on market dynamics.

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Definitions:

Temporal Cortex

Part of the cerebral cortex involved in processing auditory information and encoding memory.

Unconscious Inference

A process postulated by Hermann von Helmholtz to explain certain perceptual phenomena such as size constancy. For example, an object is perceived to be at a certain distance and this is unconsciously taken into account in assessing its retinal image size, with the result that size constancy is maintained.

Size Constancy

The perceptual understanding that an object's size remains the same despite changes in the distance from which it is observed.

Perceptual Constancy

The brain's ability to recognize that an object's characteristics remain the same despite changes in the sensory input, such as distance or lighting.