Final answer:
The statement is true; e-commerce uses information systems, technologies, and networks to conduct business transactions and create value, aided by advances in telecommunications and the information economy.
Step-by-step explanation:
The statement in question accurately identifies that e-commerce involves the use of information systems, technologies, and computer networks to conduct transactions, ultimately creating business value. It's true that telecommunications have revolutionized the way we handle long-distance production and sales connections, reducing costs and making trade more efficient. The modern economy has embraced information as a valuable product, and we have witnessed a shift toward information-intensive goods and services like computer software, financial advice, and entertainment being delivered digitally. With the improvements in technology and globalization, markets have expanded. Websites facilitating business-to-business interactions allow companies globally to trade with each other more effectively.
Additionally, the use of advanced technology in industries has led to changes in production methods. For example, in the music and film industry, physical media like CDs and DVDs have given way to digital streaming and downloads, reflecting a broader shift to an information economy. These advancements underscore the role of e-commerce in facilitating business transactions in a market that is increasingly technology-driven and globalized.