The Greatest Impact of the Web-Based EC Revolution Has Occurred

question 28

True/False

The greatest impact of the Web-based EC revolution has occurred in companies adopting the brick-and-mortar approach.

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Definitions:

Disposable Income

Resources available to households for financial management in spending and saving after income tax deductions.

Consumption

The use of goods and services by households or the amount spent on them.

GDP

The total worth of goods and services generated inside the confines of a country during a set period, known as Gross Domestic Product, acts as a wide-ranging gauge of the country's economic health.

Consumption

Consumption refers to the use of goods and services by households. It is a primary component of economic activity, measuring the total value of all goods and services consumed over a specific time period.