Final answer:
The movement from limited business interaction to adopting e-business suggests a deep integration of technology and globalization in market structures. The internet has allowed consumer and business-to-business transactions to occur globally, resulting in increased competition and a shift towards an information economy. There is ongoing debate on whether such technologies predominantly benefit small or large firms.
Step-by-step explanation:
The question involves the transition from traditional methods of business operations, with limited feedback and information sharing, to the use of e-business frameworks where information is digitally shared, and transactions are conducted online. This shift is primarily driven by two interconnected influences: technology and globalization. The development of the internet has opened up global markets, enabling consumers to purchase goods worldwide, thereby intensifying competition. Similarly, business-to-business websites facilitate global interaction between buyers and suppliers, signaling a move towards an information economy where industries, such as music and film, now operate almost entirely online.
There's ongoing debate whether these advancements in information and communication technology favor the growth of small firms or lead to market dominance by large firms. The ease of reaching a global audience might suggest a rise in smaller competitors. However, the same technology grants large firms the capability to manage operations worldwide more efficiently, potentially consolidating market power. These dynamics reflect how technology continuously reshapes business practices and market structures.