BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statements is false? Electronic commerce:
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can allow new ventures to compete on more or less equal terms with large firms
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can lead to small businesses having reduced contact with its customers
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is rarely used in small businesses
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is used in many different industries and markets
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Explanation:
Detailed explanation-1: -The correct answer is High initial cost.
Detailed explanation-2: -Option a. You can examine the product physically, is not true for e-shopping. In e-shopping we get to see and touch the product only once it’s delivered to us.
Detailed explanation-3: -E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet.
Detailed explanation-4: -Consumer to Business is not a major type of electronic commerce.
There is 1 question to complete.