What Are the Two Most Important Management Challenges in Building

question 83

Multiple Choice

What are the two most important management challenges in building a successful e-commerce presence?

• A) developing a clear understanding of business objectives and knowing how to choose the right technology to achieve those objectives
• B) having an accurate understanding of your business environment and an achievable business plan
• C) building a team with the right skill sets and closely managing the development process
• D) identifying the key components of your business plan and selecting the right software, hardware, and infrastructure for your site

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Definitions:

Loanable Funds

A concept in economics that describes the market where borrowers obtain funds from savers, influenced by interest rates.

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed, paid by the borrower to the lender for the use of their funds.

National Debt

The complete value of funds that a nation's administration has accrued as debt through various methods.

Built-In Stabilizers

Automatic fiscal mechanisms, such as progressive taxation and welfare payments, that help to moderate the fluctuations of an economy's output without additional legislative action.