E- Commerce Is the Full Breath of Activities Included in a Successful

question 56

True/False

E- commerce is the full breath of activities included in a successful Internet- based business.

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Definitions:

Trade

The act of buying, selling, or exchanging goods and services between people or countries.

Domestic Price

The price of a good or service within a country's borders.

Domestic Consumption

The total amount of goods and services consumed within a country's borders.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.