Mega Media sells books by having salespeople set up appointments with potential customers and give them a sales pitch for the product. When a salesperson sells a book, he or she gets a predetermined percentage commission. This type of business model is called
A. an agency.
B. a freemium.
C. bundling.
D. wholesale.
Answer: A
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Which of the following would enable a customer in one retail site to ask questions of a product "expert" in another retail site?
A) an in-store kiosk B) an RFID tag C) a POS system D) a perpetual inventory control system E) an e-menu
Adam Smith, in The Wealth of Nations, said the capitalistic system was composed of six institutions, which include all but which of the following?
a. Economic motivation. b. Free enterprise. c. Labor. d. Limited government.
Drilling Experts, Inc.Drilling Experts, Inc. (DEI) finds and develops oil properties and then sells the successful ones to major oil refining companies. DEI is now considering a new potential field, and its geologists have developed the following data, in thousands of dollars.
t = 0.A $400 feasibility study would be conducted at t = 0. The results of this study would determine if the company should commence drilling operations or make no further investment and abandon the project. t = 1.If the feasibility study indicates good potential, the firm would spend $1,000 at t = 1 to drill exploratory wells. The best estimate is that there is an 80% probability that the exploratory wells would indicate good potential and thus that further work would be done, and a 20% probability that the outlook would look bad and the project would be abandoned. t = 2.If the exploratory wells test positive, DEI would go ahead and spend $10,000 to obtain an accurate estimate of the amount of oil in the field at t = 2. The best estimate now is that there is a 60% probability that the results would be very good and a 40% probability that results would be poor and the field would be abandoned. t = 3.If the full drilling program is carried out, there is a 50% probability of finding a lot of oil and receiving a $25,000 cash inflow at t = 3, and a 50% probability of finding less oil and then only receiving a $10,000 inflow.Refer to the data for Drilling Experts, Incorporated. Since the project is considered to be quite risky, a 20% cost of capital is used. What is the project's expected NPV, in thousands of dollars? A. $336.15 B. $373.50 C. $415.00 D. $461.11 E. $507.22
What is an interactive Web site kept constantly updated and relevant to the needs of its customers through the use of a database?
A. Data-provided Web site. B. Data-driven Web site. C. Information-provided Web site. D. Information-driven Web site.