117) ________ refers to the use of the Internet and the Web to transact business. 118) E-commerce is ________, meaning that is it available just about everywhere, at all times. 119) The result is...





117) ________ refers to the use of the Internet and the Web to transact business.



118) E-commerce is ________, meaning that is it available just about everywhere, at all times.



119) The result is called a ________, a marketplace extended beyond traditional boundaries and removed from a temporal and geographic location.



120) The ________ wave of e-commerce transformed the business world of books, music, and air travel.



121) In the ________ wave of e-commerce, nine new industries are facing a similar transformation scenario: advertising, telephones, movies, television, jewelry, real estate, hotels, bill payments, and software.



122) The universal technical standards of the Internet and e-commerce greatly lower ________ costs, the cost merchants must pay simply to bring their goods to market.



123) Information ________ refers to the complexity and content of a message.



124) The Internet and the Web vastly increase ________, the total amount and quality of information available to all market participants, consumers, and merchants alike.



125) ________
refers to the ease with which consumers can find out the variety of prices in a market.



126) ________ refers to the ability of consumers to discover the actual costs merchants pay for products.





May 15, 2022
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