The Importance of E-Commerce in Global Markets Is Increasing Significantly

question 16

Multiple Choice

The importance of e-commerce in global markets is increasing significantly. One of the major reasons is because, online e-commerce offers:

• A)the access to significant numbers of buyers
• B)the inability to offer warranties
• C)the inability to sue companies in foreign countries
• D)the ability to hedge currency exchange rates

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Definitions:

Compliance-based Approach

A method in business ethics focusing on adhering to laws, regulations, and company policies to avoid misconduct and penalties.

Integrity-based Approach

A method of operation that focuses on consistency between expressed values, actions, and ethical standards, emphasizing accountability and transparency.

Leadership

The act of guiding and directing a group towards achieving a common goal, often involving vision, communication, and motivation.

Ethical Leaders

Individuals in leadership positions who demonstrate and promote high standards of ethical conduct and integrity within their organizations.