Question

A major block in the widespread implementation of collaborative commerce is ______.

1) The theory of collaborative commerce hasn't been proven effective in real-world applications.
2) The technology needed isn't available.
3) Collaborative commerce is extremely expensive.
4) The lack of universally accepted standards.

Answer 1

A major barrier to collaborative commerce is the lack of universally accepted standards, which hinders effective communication and technology adoption necessary for long-distance collaboration.

Step-by-step explanation:

A major block in the widespread implementation of collaborative commerce is the lack of universally accepted standards. Collaborative commerce requires effective communication and the adoption of technology that allows multiple parties, often at great distances, to work together seamlessly. Challenges arise from factors such as imperfect information, externalities in foreign trade and political relations, and communication difficulties without a common set of standards. Moreover, when collaborations are done long-distance, it is crucial to have technology platforms that are secure and efficient to facilitate the sharing of information. It's also imperative to share mutual understanding and avoid using complex jargon that can cause confusion and impede project progress.