The Internet Is Having an Impact on Determining Who an Organization's

question 29

Multiple Choice

The Internet is having an impact on determining who an organization's competitors are because it has __________.

• A) defined the common markets for all industry competitors
• B) made the products they sell more valuable to the customer
• C) virtually eliminated the need for shopping malls
• D) virtually eliminated geographic boundaries
• E) made it more difficult for smaller competitors to compete on a global scale

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Definitions:

Service Contract

A legally binding agreement between two or more parties where one agrees to provide a specified service to the other for a payment.

Peace of Mind

A state of mental and emotional tranquility, free from stress or worry.

Availability Heuristic

A cognitive shortcut based on the first examples that spring to mind when considering a particular topic, idea, strategy, or choice.

Estimated Probability

A statistical measure expressing the likelihood of a specific event occurring based on current evidence or past occurrences.