Which of the Following Is the Most Accurate Justification for the View

question 47

Multiple Choice

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

• A) The Internet created uncertainties in the market by providing a platform for online trade.
• 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:

Market Competitiveness

The ability of a company or product to compete effectively in the marketplace based on factors like price, quality, and innovation.

Market Access

The conditions and barriers that a company faces when trying to enter a new market or industry, including regulatory, policy, and trade barriers.

Targeting Strategy

An approach businesses use to identify and serve specific segments of the market that are most likely to benefit from their products or services.

Market Segments

Subsets of a market composed of individuals or organizations with similar characteristics, needs, or behaviors that a business targets as part of its marketing efforts.