Which of the Following Is a Consequence of the Digital

question 18

Multiple Choice

Which of the following is a consequence of the digital revolution?

• A) Less than 10% of retailers have web sites.
• B) Online shopping via the Internet has become a mainstream marketing channel for B2C but not B2B markets.
• C) 4.8 % of manufacturers now have web sites.
• D) Online shopping via the Internet has become a mainstream marketing channel for both B2B and B2C markets.
• E) Retailers are working hard to avoid use of web sites.

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Definitions:

Negative Economic Profit

A situation where a firm's total revenues are less than its total costs, including both explicit and implicit costs.

Profit-Maximizing Price

Profit-Maximizing Price is the price point at which a company can sell its product to achieve the highest possible profit, considering demand and production costs.

Panel

A methodological approach in research or a group discussion format that involves a selected group of people who share their perspectives or insights on a specific topic.

Monopolistically Competitive Firms

Companies that operate in a market structure characterized by many competitors, but each one sells a slightly differentiated product.