Unfortunately,many Entrepreneurs Tackle E-Commerce by Focusing on Technology First and Then

question 73

True/False

Unfortunately,many entrepreneurs tackle e-commerce by focusing on technology first and then determine how that technology fits their business idea.

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Definitions:

Corporate Strategy

The overarching plan or direction a corporation takes to achieve its goals and maximize value for its stakeholders.

Industries

Refers to the various categories of economic activity that are characterized by distinct types of business operations, such as manufacturing, technology, health care, and finance.

Markets

These are venues or systems where buyers and sellers interact to exchange goods, services, or financial instruments, often determining prices through supply and demand.

Operating Objectives

Specific, short-term targets set by a business or organization to ensure effective day-to-day operations and progress towards its broader goals.