One of the Ways in Which E-Commerce Improves Market Efficiency

question 89

Multiple Choice

One of the ways in which e-commerce improves market efficiency is by improving the flow of ________ so consumers can more effectively compare vendors and pay the lowest possible cost at the best terms,eventually leading to the removal of inefficient vendors.

• A)processes
• B)demand
• C)the supply chain
• D)price information

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Definitions:

Social Identity Theory

A psychological theory that examines how individuals' self-concepts are influenced by their perceived membership in social groups.

Team Effectiveness

The measure of how well a team achieves its goals, works together cohesively, and maintains productive working relationships.

Dynamics

The forces or processes that stimulate growth, development, or change within a system or process.

Team-Based Rewards

These are incentives given to team members based on the collective performance of their group, aimed at fostering teamwork, collaboration, and shared goals.