One Consequence of the Growth of E-Commerce Is Disintermediation Which

question 60

Multiple Choice

One consequence of the growth of e-commerce is disintermediation which has resulted in significant ___________________ in some industries.

• A) Price increases
• B) Job losses
• C) Growth of jobs in foreign countries
• D) Increase in product options and features

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Definitions:

Law

In a general sense, law refers to the system of rules that are created and enforced through social or governmental institutions to regulate behavior, ensuring order and justice.

Supply

The total amount of a good or service available for purchase at any given price level in a given market.

Excess Demand

A situation where the demand for a good or service surpasses its supply at the current price, often leading to price increases.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a certain time period.