The Internet Has Made Transactions Between Businesses (B2B Trading)fast and Easy.Any

question 3

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

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Definitions:

Physiological

Relating to the branch of biology that deals with the normal functions of living organisms and their parts.

Esteem

The regard in which an individual or entity is held by others, often reflecting respect, admiration, or importance.

Cognitive Component

Part of an attitude that consists of a person's knowledge and perception of the attributes of an object or concept.

Altering

The process of making changes to something, often to tailor or modify it to fit a particular need or requirement.