ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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There is more competition among producers.
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Online sales have almost completely replaced in-store sales.
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Consumers can shop for the best prices online.
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Online businesses don’t need to have as many employees.
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Detailed explanation-1: -Which is the most direct benefit to businesses from the Internet? Online businesses don’t need to have as many employees. Which best explains why improvements in communication technology allow people to make better economic decisions?
Detailed explanation-2: -Which is the most direct benefit to consumers from the internet? It is easier to compare prices. Which explains why the internet can help people make better economic decisions? Information is crucial for making good decisions.
Detailed explanation-3: -Connectivity, communication, and sharing Today, with the Internet, you can send an e-mail to anyone in the world and often have it delivered in less than a minute. Other forms of communication, such as chat and VoIP, also allow instant communication with anyone in the world.
Detailed explanation-4: -Which is the biggest and most direct effect of the Internet? It has drastically improved communication. Which is the most direct benefit to consumers from the Internet? It is easier to compare prices.