Videoconferencing Has Evolved as an Alternative for Business Travel

question 23

Multiple Choice

Videoconferencing has evolved as an alternative for business travel. This best illustrates ________.

• A)the threat of substitutes in a market
• B)the absence of network effects
• C)monopolistic competition in markets
• D)increased power of the suppliers

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Definitions:

Conscious Control

The deliberate use of one's awareness to regulate and direct one's thoughts, actions, or emotions.

High-Level

Refers to abstract, complex or strategic thinking or reasoning that involves comprehensive analysis or synthesis of information.

Low-Level

Pertaining to basic or rudimentary aspects of a process or operation, often without involving complexities.

Autonomy

The quality or state of being self-governing; the ability to make one's own choices and decisions independently.