Discuss Alternative Dispute Resolution with Respect to Online Transactions

question 30

Essay

Discuss alternative dispute resolution with respect to online transactions.

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Definitions:

Fixed Cost

An expense that remains constant regardless of the volume of products or services produced or sold.

Variable Cost

Expenses that directly fluctuate in relation to the amount of goods or services produced, including labor and materials.

Marginal Cost

The increase in cost resulting from the production of an extra product or service unit.

Marginal Cost

The cost of producing one more unit of a good or service, which may change with the level of output.