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:

Gender

A category reflecting the social roles, behaviors, activities, and characteristics that a society considers appropriate for men, women, and other gender identities.

Nominal Variable

A classification of categorical data where the order of the categories is not significant.

Dummy Variables

Variables used in regression analysis to represent subgroups of the sample in a binary form.

Grade Point Average

An average score representing the academic performance of a student, calculated from the grades obtained in their courses.