The Term "Electronic Commerce" Refers to the Use of the Internet

question 51

True/False

The term "electronic commerce" refers to the use of the Internet as an essential element of business activity.

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Definitions:

Common Form

A standardized or widely used version of a document, agreement, or legal form.

Value

The importance, worth, or usefulness of something to individuals or society.

Pattern Recognition

The process of identifying patterns in data, enabling recognition, categorization, and prediction.

Entrepreneurial Opportunity

A favorable set of circumstances that creates a need for a new product, service, or business.