How Does E-Commerce Benefit Small Firms

question 12

Multiple Choice

How does e-commerce benefit small firms?

• A) Small firms are often more "tech savvy," allowing quicker adoption of innovations.
• B) Large firms may not push the consumer toward the Internet, resulting in small firms being able to gain customers.
• C) E-commerce allows small firms to expand their reach beyond local markets.
• D) The government has committed significant resources to encourage small firms to adopt an e-commerce business model.

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Definitions:

Hierarchical Organization

A system or organization in which people or groups are ranked one above the other according to status or authority.

Problem-Solving Technique

An approach or method used to identify the root of a problem and find an effective solution for it.

Finding A Seat

The action of locating a place to sit, typically in contexts like classrooms, public transportation, or entertainment venues.

SMART Goals

stands for goals that are Specific, Measurable, Achievable, Relevant, and Time-bound, used for effective planning and achievement.