Which of the Following Predictions About the Impact of E-Commerce

question 40

Multiple Choice

Which of the following predictions about the impact of e-commerce on traditional businesses is the most accurate? 

• A) E-commerce will have little impact on most traditional businesses, because only a few types of products can be sold effectively online.
• B) Traditional brick-and-mortar firms will enter the e-commerce market by creating their own websites.
• C) E-commerce will prove to be very successful in competing against traditional firms in B2C markets, but will have much less success in B2B markets.
• D) Brick-and-mortar businesses will cease to exist within 20 years.

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Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, carried over from the end of the previous period.

Ending Inventory

The total value of a company's merchandise, raw materials, and finished and unfinished products which have not yet been sold at the end of an accounting period.

Purchases

The act of buying goods and services, typically for the purpose of resale in the ordinary course of business.