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.

Apply knowledge of cost, selling price, and profit to evaluate business decisions.

Interpret and apply terms of payment to ensure discounts are maximized.

Calculate the rate of markup on selling price versus markup on cost.

Understand the relationship between operating profit, overhead, and mark-up in retail settings.

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Definitions:

White-Collar Criminals

Individuals who commit non-violent, financially motivated crimes, typically involving fraud, embezzlement, or other forms of deceit carried out during professional employment or activities.

Punishment

A penalty imposed for wrongdoing, intended to correct, deter future offenses, and serve as retribution.

Mail Fraud

A criminal act involving the use of postal or electronic mail services to carry out a scam or fraudulent scheme.

False Pretenses

Obtaining money, property, or services from another through misrepresentation or deceit.