Developed in 1993, WorldWideWeb, Later Named Nexus, Was the First

question 35

True/False

Developed in 1993, WorldWideWeb, later named Nexus, was the first web browser. It radically changed how users access information on the Internet. This is an example of a pioneering new entry strategy.

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Definitions:

Substitutes

Products or services that can be used in place of each other, having the ability to satisfy similar consumer needs or preferences.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a given time period.

Coca-Cola

A multinational beverage corporation known for its flagship product, a carbonated soft drink named after the brand.

Inferior Good

A category of product that sees a decline in demand when consumer income rises.