What Are the Four Challenges Facing Ebusinesses Outlined in the Text

question 25

Multiple Choice

What are the four challenges facing ebusinesses outlined in the text?

• A) Identifying limited market segments, managing consumer trust, ensuring consumer protection, and improving information content.
• B) Decreasing costs, increasing convenience, identifying limited market segments, and adhering to taxation rules.
• C) Identifying limited market segments, managing consumer trust, ensuring consumer protection, and adhering to taxation rules.
• D) Differs depending on the industry where the business operates.

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Definitions:

Low-Cost Provider Strategy

A competitive strategy focusing on producing goods or services at the lowest cost compared to competitors to attract price-sensitive customers.

Differentiation Strategy

A business approach in which a company seeks to distinguish its products or services from competitors through unique features.

Strategic Planning

The process of defining a company's strategy or direction and making decisions on allocating resources to pursue this strategy, including its capital and people.

Competitive Advantage

A condition that enables a company to operate in a more efficient or otherwise higher-quality manner than the companies it competes with.