The Early Years of E-Commerce Are Considered

question 86

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:

Economic Self-interest

Economic self-interest is the motivation driving individuals or entities to make decisions that result in the greatest personal financial advantage.

Power Distance

The extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Inequality

Refers to an uneven distribution of resources, opportunities, and rights among individuals or groups, leading to disparities in wealth, health, and social status.

Character Theories

Theories related to the study of personality that focus on the moral and ethical qualities of individuals.