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:

Paleoanthropologists

Scientists who study human evolution by examining fossils and other evidence from the distant past.

Human Culture

The complex whole of beliefs, practices, artifacts, and institutions that humans develop, share, and transmit across generations.

Million Years Ago

A term used in geology and paleontology to specify a point in time millions of years before the present.

Old World

A term referring to regions of the world known to Europeans before the discovery of the Americas, including Africa, Europe, and Asia.