Approaches to E-Purchasing Include All of the Following EXCEPT

question 38

Multiple Choice

Approaches to e-purchasing include all of the following EXCEPT:

• A)catalog hubs.
• B)radio frequency identification (RFID).
• C)exchanges.
• D)electronic data interchange (EDI).

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Definitions:

Perfect Competitor

A market structure in which numerous small firms compete against each other with identical products, no single firm can influence the market price; all firms are price takers.

Marginal Revenue

Extra income gained by disposing of one additional unit of a good or service.

Marginal Cost

The expense associated with manufacturing an extra single unit of a product or service.

Quantity Sold

This refers to the total amount of a product or service that is sold within a given time period.