Examlex

Solved

Which of the Following Features of E-Commerce Technology Changes Industry

question 70

Multiple Choice

Which of the following features of e-commerce technology changes industry structure by lowering barriers to entry but greatly expands the market at the same time?


Definitions:

Advance Written-notice

A notification given in writing ahead of time, often a requirement in legal and contractual situations.

Incontestability Clause

A provision in a life insurance policy that prevents the insurer from disputing the policy's validity after it has been in force for a certain period, typically two years.

Life Insurance Policy

A contract with an insurance company that provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death.

Understates Age

The act of deliberately reporting one's age as younger than it truly is, often for personal gain or to meet specific requirements.

Related Questions