The Early Years of E-Commerce Are Considered

question 65

Multiple Choice

The early years of e-commerce are considered:

• A) the most promising time in history for the successful implementation of first mover advantages.
• B) an economist's dream come true, where for a brief time, consumers had access to all relevant market information and transaction costs plummeted.
• C) a stunning technological success as the Internet and the Web increased from a few thousand to billions of e-commerce transactions per year.
• D) a dramatic business success as 85% of dot-coms formed since 1995 became flourishing businesses.

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Definitions:

Innovation

The act or process of introducing new ideas, devices, or methods that significantly alter the way things are done or perceived.

Acceptance Cycle

A process through which new ideas or products undergo phases of acceptance, from initial skepticism to widespread adoption.

Collective Selection

The process by which a group or society makes choices or decisions that affect the group as a whole.

Symbolic Interactionism

A sociological perspective focusing on the roles of symbols and language in human interaction and how they influence social life.