How Can VoIP Over Wi-Fi Help Save Money

question 44

Multiple Choice

How can VoIP over Wi-Fi help save money?

• A) by eliminating the need for a phone
• B) by saving on cellular phone bills
• C) by reducing the cost of a smartphone
• D) by not requiring an access point

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Definitions:

Close Substitutes

Goods or services that can easily replace one another in consumption due to their similar characteristics.

Horizontal Demand

Refers to a demand curve that is completely elastic, indicating that consumers are willing to purchase any quantity of the product at a specific price.

Product Differentiation

A marketing strategy that businesses use to distinguish their product from similar offerings in the market.

Suburban Community

A residential area located on the outskirts of a city, typically characterized by lower population density than the urban core but more densely populated than rural areas.