Which of the Following Is an Accurate Justification for the View

question 63

Multiple Choice

Which of the following is an accurate justification for the view that the Internet is the most important disruptive innovation of the twentieth century?

• A)The Internet rejigged existing business processes and streamlined them, giving many companies marginal advantages.
• B)Switching costs have increased after the advent of the Internet as a medium of trade.
• C)The Internet reduced entry barriers for newcomers and empowered buyers with more information.
• D)Competition became oligopolistic with only a few companies investing in technology.

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Definitions:

Real-Life System

Refers to complex, operational systems that function in the real world, often encompassing human, technological, and environmental components.

Time-Consuming

Activities or processes that require a significant amount of time to complete, often implying inefficiency or labor intensity.

Real-World Complications

Challenges or issues that arise in practical situations outside of controlled or theoretical environments.

Analytical Models

Mathematical or simulation models that use analytical methods to solve complex problems or make predictions by analyzing various data inputs.