Final answer:
The business market has evolved with the advancements in technology and globalization, leading to increased competition and a more interconnected global market, especially through B2B websites.
Step-by-step explanation:
The business market is characterized as having undergone significant changes due to the influences of technology and globalization. The improvement in communications technologies, including the development of the internet, has altered market dynamics, enabling consumers and businesses to transact over greater distances.
In the context of business supplies, business-to-business (B2B) websites have leveraged these technological advancements to connect buyers and suppliers globally, resulting in increased competition and a more interconnected market landscape.