The Internet Has Made Transactions Between Businesses (B2B Trading)fast and Easy.Any

question 30

Multiple Choice

The Internet has made transactions between businesses (B2B trading) fast and easy.Any business in any location can access specialized knowledge,labor,and materials.It is likely that these virtual economic communities will result in

• A) external economies of scale.
• B) internal economies of scale.
• C) consolidation of industries into a small number of powerful firms.
• D) suppression of innovations and collusive behavior, driving up prices.
• E) government intervention and regulation.

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Definitions:

Performance

The execution of an action or the operation of a machine, system, or organization, and how well it accomplishes intended tasks or goals.

Description by Brand

The detailed information or specifications of products provided, highlighting characteristics or features associated with a particular brand.

Maintenance

The routine actions taken to keep equipment, buildings, or infrastructure in working order and prevent deterioration.

Operations Requirements

Specifications or criteria that define the desired performance, outcomes, and processes needed to run production or service operations effectively.