One of the Major Advantages to Firms Involved in E-Commerce

question 95

True/False

One of the major advantages to firms involved in e-commerce is that the technology is still so new that the Internet-based firms face very little competition.
The rise of e-commerce has led to intense competition.The rise of Internet marketing drew hundreds of competitors into the fray.

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Definitions:

Intangible Assets

Non-physical assets owned by a firm, such as copyrights, patents, trademarks, and goodwill, that have value and can generate future economic benefits.

Balance Sheet

An accounting document that lists a business's assets, liabilities, and the equity of its shareholders at a specific date.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net assets, representing the company's reputation, customer relationships, and other unquantifiable factors.

Internally Generated

Assets or resources that are created within an organization, without acquiring them from external sources.