Examlex

Solved

Some E-Commerce Software Includes Links Through Which Inventory and Sales

question 43

True/False

Some e-commerce software includes links through which inventory and sales data can be downloaded into local accounting packages, such as QuickBooks.


Definitions:

Capital-Intensive

A business process or industry that requires large amounts of capital investment in comparison to labor.

Average Product

The output per unit of a given input, typically labor, calculated by dividing total product by the quantity of that input.

Marginal Product

The additional output generated by adding one more unit of a particular input, holding all other inputs constant.

Profit-Maximizing

The process of adjusting production and sale strategies to achieve the highest possible profit.

Related Questions