Which of the Following Best Explains Why the Service Sector

question 2

Multiple Choice

Which of the following best explains why the service sector is a natural avenue for e-commerce?

• A) The service sector is less geographically reliant and more globally oriented.
• B) The service sector has historically been more technology-reliant.
• C) Much of the value in services is based on the collection, storage, and exchange of information.
• D) It is not; services are difficult to translate to e-commerce because they rely on face-to-face communication and barter.

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Definitions:

Trademark

A distinctive mark, word, design, picture, or arrangement that is used by a producer in conjunction with a product and tends to cause consumers to identify the product with the producer.

Personal Liability

The legal responsibility of an individual to cover debt or damages arising from their actions.

Partnership

A business entity legally formed by two or more individuals who collaborate in managing the enterprise and sharing its financial gains.

Taxes

Compulsory financial charges levied by a government on individuals, businesses, or transactions to fund public expenditure.