The Internet Has Made Transactions Between Businesses (B2B Trading) Fast

question 6

Multiple Choice

The Internet has made transactions between businesses (B2B trading) fast and easy. Any business in any location can access specialized knowledge, labor, and materials. It is likely that these virtual economic communities will result in

• A) consolidation of industries into a small number of powerful firms.
• B) internal economies of scale.
• C) suppression of innovations and collusive behavior, driving up prices.
• D) government intervention and regulation.
• E) external economies of scale.

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Definitions:

Analogy

A comparison between an unfamiliar idea, thing, or situation and something the audience already understands.

401(K) Retirement Plans

A tax-advantaged retirement savings plan offered by many employers in the United States, allowing employees to save a portion of their paycheck before taxes.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees over a specific period.

Deduction

The process of reaching a conclusion based on the available evidence or facts.