All of the Following Were Parts of the Vision During

question 47

Multiple Choice

All of the following were parts of the vision during the early days of e-commerce except the belief that:

• A) new, "first-mover" middlemen, with expertise in e-commerce, would force traditional intermediaries out of business.
• B) online consumers were rational and cost-driven.
• C) entry costs to the online retail market would be much less than those needed to establish a physical storefront.
• D) the cost of acquiring customers would be much lower.

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Definitions:

Natural Gas

A fossil fuel used primarily for heating, electricity generation, and as a fuel for vehicles, consisting mainly of methane and found underground.

Price Increase

A rise in the cost of goods or services over a specific period of time, which can affect purchasing power and economic stability.

Substitutes

Substitutes are goods or services that can be used in place of each other, fulfilling the same needs or desires of the consumer.

Price Inelastic

A situation where the demand or supply for a product does not change significantly when its price changes.