The Early Years of E-Commerce Are Considered

question 65

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:

For-Profit

Describes businesses or organizations that operate primarily to generate profit for their owners or shareholders, as opposed to non-profit organizations.

Primary Groups

Fundamental social units where individuals have direct, close, and intimate interactions, typically including family and close friends.

Secondary Groups

Larger, more impersonal groups in which relationships are temporary and goal-oriented.

Social Networks

The webs of relationships and connections among individuals or organizations, facilitating communication and interaction.