Final answer:
E-commerce is an activity that uses electronic communication to handle various aspects of business, from inventory management to payment, and is a product of advancements in technology and globalization. Option A
Step-by-step explanation:
The activity described in the question involves using electronic communication for the inventory, exchange, advertisement, distribution, and payment of goods and services.
This is commonly referred to as E-commerce (Option A). E-commerce leverages advancements in telecommunications, which have made it more cost-effective to manage economic connections over long distances. It epitomizes the transition to an information economy, where many valuable products and services, such as computer software or financial advice, can be distributed digitally at lower costs.
The rise of e-commerce is a result of two critical shifts: technological advancements and globalization. These shifts have broadened the reach and increased competition for both local retailers and business-to-business markets.
New forms of electronic communication like the Internet, social media, and business-to-business websites have propelled this transformation, enabling businesses to serve customers across the globe effectively. Option A