Final answer:
The Reinvention period of e-commerce is correctly considered a sociological phenomenon alongside being a technological and business one, as it involves significant shifts in technology and globalization that influence the social structure and market dynamics.
Step-by-step explanation:
The statement that the Reinvention period of e-commerce is as much a sociological phenomenon as it is a technological or business phenomenon is indeed true. This period is characterized by significant shifts in technology and globalization. With advancements such as the internet, the way markets operate has dramatically changed, affecting not only the economy but also society at large. Consumers can now purchase goods from around the globe, which increases competition for local businesses. Moreover, these changes also impact social interactions and the organization of work, as seen in the rise of business-to-business online platforms, enabling worldwide transactions.
The market revolution, which began after 1815, similarly introduced profound social and economic changes in the United States. It led to a shift in lifestyle where people increasingly relied on markets for purchasing food and goods, paving the way for new social dynamics and even the formation of experimental communities aiming for a utopian society. These transformations exemplified the intertwined nature of social and economic change.