Question

How has e-commerce revolutionized business?

1) It has allowed businesses to utilize new avenues of advertising, selling, and distribution.
2) It attempts to level the playing field.
3) It transcends geographic boundaries.
4) All of the above

Answer 1

E-commerce has revolutionized business by enabling businesses to utilize new avenues of advertising, selling, and distribution, leveling the playing field for small businesses, and transcending geographic boundaries. The correct answer is 4) All of the above.

Step-by-step explanation:

E-commerce has revolutionized business in several ways:

1. Utilization of new avenues of advertising, selling, and distribution: E-commerce platforms have allowed businesses to reach a wider audience through online advertising, online marketplaces, and social media. This enables businesses to expand their reach and attract customers who may not have been accessible through traditional brick-and-mortar stores.
2. Leveling the playing field: E-commerce has provided small businesses with an opportunity to compete with larger corporations. Online platforms offer equal visibility and accessibility to all businesses, regardless of their size or financial resources. This allows smaller businesses to gain exposure and compete on a global scale.
3. Transcending geographic boundaries: With e-commerce, businesses can easily sell their products or services to customers all over the world. It eliminates the limitations of physical stores and allows businesses to reach international markets without the need for physical presence. This opens up new opportunities for growth and expansion.

Therefore, the correct answer is 4) All of the above.