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:

Allocation

The process of assigning resources, time, or effort to specific tasks or projects based on priorities and objectives.

Top Management

The highest level of managers in an organization, typically responsible for strategic decisions and overall operations.

Planning

Planning involves setting goals and determining the most effective course of action to achieve those goals.

Long-term Plans

Strategic roadmaps developed to achieve goals and objectives over an extended period, typically beyond one year.