New Markets Created by IPods, PDAs, and Wi-Fi Are a Result

question 65

Multiple Choice

New markets created by iPods, PDAs, and Wi-Fi are a result of:

• A) disruptive technologies.
• B) global competition.
• C) knowledge intensity.
• D) hypercompetition.

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Definitions:

Electronic Commerce

The buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

Ucc Articles

UCC Articles refer to the sections of the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Unconscionability

A legal doctrine that describes terms that are so extremely unjust, or overwhelmingly one-sided in favor of the party who has the superior bargaining power, that they are contrary to good conscience.

Contract

A legally binding agreement between two or more parties, outlining obligations and rights concerning products, services, or other matters.