All of the Following Are True About the Internet and Electronic

question 74

Multiple Choice

All of the following are true about the Internet and electronic commerce EXCEPT which one?

• A) Suppliers can deal more quickly with their customers.
• B) It enhances companies' ability to differentiate their marketing methods by country.
• C) Customers worldwide can quickly compare prices from different distributors.
• D) To be successful, companies must be able to deliver efficiently what they sell over the Internet.

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Definitions:

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.

Accountants

Professionals responsible for managing and auditing financial records, ensuring accuracy and compliance with legal requirements.

Short Run

Describes a period in which some factors of production or inputs are fixed, limiting the ability of a business to fully adjust to market changes.

Long Run

A period in which all factors of production and costs are variable, and firms can adjust all inputs.