Market researchers predicted that credit-card transactions on the Internet exceeded $508 billion in 2008.This is only possible because of the:
A)electronic communications channel
B)transactional Internet
C)marketspace
D)marketing Internet

Question

Quizplus · Accepted Answer

The term "marketspace" refers to the virtual marketplace where online business transactions take place. With the increasing popularity of e-commerce, the marketspace has become the primary medium for conducting transactions online. Therefore, it is the best choice for explaining how credit-card transactions on the internet exceeded $508 billion in 2008. Options A, B, and D are too narrow and do not encompass the broader concept of the marketspace.

Market Researchers Predicted That Credit-Card Transactions on the Internet Exceeded