The Growth of the Internet Caused Many Brick-And-Mortar Firms to ________

question 12

Multiple Choice

The growth of the Internet caused many brick-and-mortar firms to ________ in response to customer demands and a changing marketplace.

• A) become click-only firms
• B) send out more catalogs
• C) become click-and-mortar firms
• D) develop more infomercials
• E) expand their outside sales forces

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Definitions:

Competition

The rivalry among businesses to attract customers, which can lead to improved quality, lower prices, and innovation.

Social Interest

The welfare or well-being of the general public and society at large, considering the collective needs rather than individual interests.

No Personal Financial Responsibility

A situation where individuals do not bear direct financial consequences for their actions, often due to insurance, subsidies, or other protective measures.

Corporations

Legal entities that are separate from their owners, providing limited liability protection, and have the ability to raise capital through selling shares.