The Future for E-Commerce Is Banking on the Fact That

question 46

Multiple Choice

The future for e-commerce is banking on the fact that "friends" have similar likes and even similar buying habits! According to the Social Media in Business box featuring the story "Calling All Businesses":

• A)Most companies are going to have to choose a business model for distributing their goods,and stick with it.It's either got to be traditional stores or online shopping,but not both,if they want to do it well.
• B)For some companies,mobile phone purchases have already become a billion-dollar business.In order to survive,small businesses must also align themselves with mobile platforms.
• C)There is a quiet trend emerging,where customers are going back to what recent shoppers consider traditional means to obtain goods.People just aren't buying processed foods or clothing any longer.
• D)Buy America and buy organic has put a halt on online shopping.

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Definitions:

Purely Competitive Seller

A seller operating in a market where there are many buyers and sellers and the products are virtually identical, leading to no individual control over prices.

Total Cost

The complete sum of all costs associated with the production or acquisition of goods and services, including fixed and variable costs.

Product Price

The amount of money required to purchase a good or service, often influenced by factors such as supply, demand, production costs, and competition.

American Firms

Companies that are incorporated in the United States, operating under American law and often symbolizing the business culture and practices of the U.S.