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:

Average Inventory

The mean amount of inventory held by a business over a specific period of time, calculated to assess inventory management efficiency.

Ending Inventory

The total value of all merchandise that a company has not sold at the end of an accounting period.

Beginning Inventory

The amount of merchandise prepared for sale at the start of a fiscal period.

Average Inventory

The mean value of the inventory over a specific time period, calculated by averaging the inventory levels at various times.