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Although e-commerce has increased in popularity, it has actually led to increases in company expenses.

a) True
b) False

User ComSubVie
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1 Answer

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Final answer:

The idea that e-commerce inherently increases company expenses is false, as it can lead to cost savings and expands market reach. The market revolution indeed brought significant social and economic changes by increasing competition due to globalization and technological advances.

Step-by-step explanation:

The statement that e-commerce has led to increases in company expenses is false. E-commerce can indeed incur certain costs, such as setting up online platforms and ensuring cybersecurity, but it has generally decreased many traditional business expenses like physical store costs, and has expanded market reach. The increase in company expenses is not a given consequence of moving to or operating within an e-commerce environment, as e-commerce can also lead to significant cost savings and efficiency improvements.

The market revolution did bring many social and economic changes to the United States. Globalization and advances in technology have increased competition, as companies now have to compete not just with local and national firms, but with those across the globe. This increased competition can pressure firms to innovate and operate more efficiently but does not necessarily mean an automatic increase in expenses.

User DaxChen
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