One of the ways in which e-commerce improves market efficiency is by improving the flow of ________ so consumers can more effectively compare vendors and pay the lowest possible cost at the best terms,eventually leading to the removal of inefficient vendors.
A)processes
B)demand
C)the supply chain
D)price information

Question

Quizplus · Accepted Answer

E-commerce platforms provide extensive price information and product comparisons, which enable consumers to make informed purchase decisions by comparing prices and terms offered by different vendors. This increased transparency in pricing motivates vendors to be more competitive, leading to the removal of inefficient vendors.

One of the Ways in Which E-Commerce Improves Market Efficiency