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

Question

Quizplus · Accepted Answer

The Internet allowed for easier entry into markets for newcomers and provided buyers with more information, disrupting traditional business models. This has had a significant impact on industries such as retail, media, and advertising. The reduced entry barriers, increased transparency, and empowerment of buyers make the Internet a highly disruptive innovation.

Which of the Following Is an Accurate Justification for the View