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Which of the following is an accurate justification for the view that the internet is the most important disruptive innovation of the twentieth century? Question
Which of the following is an accurate justification for the view that the internet is the most important disruptive innovation of the twentieth century?
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Part
A
Switching costs have increased after the advent of the internet as a medium of trade.
B
The internet reduced entry barriers for newcomers and empowered buyers with more information.
C
The internet rejigged existing business processes and streamlined them, giving many companies marginal advantages.
D
Competition became oligopolistic with only a few companies investing in technology.
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