Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider that the internet allows for a lucrative business model referred to as 'direct-to-consumer, and in 2018, approximately 50% of certain segments of retail activity
Consider that the internet allows for a lucrative business model referred to as 'direct-to-consumer", and in 2018, approximately 50% of certain segments of retail activity was conducted over the internet, that then spiked to nearly 100% due to COVID related lockdowns. If such conditions allow for the growth of new entrepreneurial efforts who can enter the economy without having to initially invest a lot of money in order to develop a sustainable business (a direct-to-consumer model typically earns high gross margins), then we should expect to see an economy in the future that is: A. Comprised of many smaller-sized firms that are able to sell direct-to-consumer, which requires less of an operational overhead, and a lower volume of goods sold to the market to be sustainable. B. Comprised of larger-sized firms, and where there are fewer, smaller sized firms because the costs of entering the market has increased. C. No structural change to the economy, where things continue as they have before. D. None of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started