Through What Channel Did E-Commerce First Evolve

question 30

Multiple Choice

Through what channel did e-commerce first evolve?

• A) online advertising sales
• B) Internet portals
• C) online book sales
• D) Internet service providers

Define intellectual capital and recognize its value in the knowledge-based economy.

Identify the characteristics of a knowledge worker.

Understand the concept of globalization and its effects on business competition and operations.

Clarify the meanings of prejudice and discrimination and their impact on workplace dynamics.

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Definitions:

Income Effect

Change in consumption of a good resulting from an increase in purchasing power, with relative prices held constant.

Substitution Effect

Change in consumption of a good associated with a change in its price, with the level of utility held constant.

Perfectly Competitive

A market structure characterized by a large number of small sellers and buyers, homogeneous products, and freedom of entry and exit.

Profit Maximizing

A process or strategy used by businesses to determine the best output and pricing levels in order to achieve the highest profit.