It Is Important for Long-Standing Enterprises That Wish to Embrace

question 24

Multiple Choice

It is important for long-standing enterprises that wish to embrace ebusiness to:

• A) go all out and design a great website.
• B) sell different products online to avoid cannibalism.
• C) hire a number of internet experts to launch the strategy.
• D) evaluate the corporate strategy and ebusiness strategy prior to proceeding.
• E) all of the above

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Definitions:

Heuristics

Mental shortcuts or "rules of thumb" that simplify decision-making processes, often used when facing complex problems or incomplete information.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Net Benefits

The total benefits of some activity or policy less the total costs of that activity or policy.

Neoclassical Models

Economic models that emphasize rationality, individual optimization, and equilibrium, focusing on how market mechanisms allocate resources efficiently.