The Internet Has Made Transactions Between Businesses (B2B Trading)fast and Easy.Any

question 30

Multiple Choice

The Internet has made transactions between businesses (B2B trading) fast and easy.Any business in any location can access specialized knowledge,labor,and materials.It is likely that these virtual economic communities will result in

• A) external economies of scale.
• B) internal economies of scale.
• C) consolidation of industries into a small number of powerful firms.
• D) suppression of innovations and collusive behavior, driving up prices.
• E) government intervention and regulation.

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Definitions:

Complex

Describes something that is composed of many interrelated parts or aspects, leading to difficulty in understanding or analysis due to its intricate nature.

McGrath

Refers to Joseph Edward McGrath, a social psychologist known for his research on small group behavior and methodologies.

Diagnosing Group Deficiencies

The process of identifying shortcomings or areas of improvement within a group, often to enhance functionality, cohesion, and performance.

Deleterious Changes

Harmful or damaging modifications or alterations in a system, environment, or health.