Which of the Following Best Describes the Early Years of E-Commerce

question 30

Multiple Choice

Which of the following best describes the early years of e-commerce?

• A) They were a technological success but a mixed business success.
• B) They were a technological success but a business failure.
• C) They were a technological failure but a business success.
• D) They were a mixed technological and business success.

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Definitions:

Cost Of Switching

Cost of switching refers to the expenses a customer incurs as a result of changing from one product, supplier, or system to another.

Credit Policy

Guidelines a company follows to determine credit terms for customers, such as payment period and discounts for early payment.

Restocking Cost

The expenses involved in replenishing inventory or stock.