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:

Independent

Refers to a characteristic where two events have no influence on each other's occurrence.

Mutually Exclusive

Two or more events that cannot occur at the same time.

Insurance Company

An organization that offers insurance policies to protect individuals and businesses against financial loss.

Marital Status

A classification of an individual's relationship status, which includes categories such as single, married, divorced, or widowed.