The importance of e-commerce in global markets is increasing significantly. One of the major reasons is because, online e-commerce offers:
A)the access to significant numbers of buyers
B)the inability to offer warranties
C)the inability to sue companies in foreign countries
D)the ability to hedge currency exchange rates

Question

Quizplus · Accepted Answer

E-commerce allows businesses to reach a larger audience and access significant numbers of buyers, which can increase their sales and impact in global markets. Option B, C, and D are incorrect because e-commerce platforms can offer warranties, and businesses can be sued in foreign countries if they breach any laws or agreements. Moreover, while e-commerce may enable businesses to hedge currency exchange rates, this is not the major reason why the importance of e-commerce is increasing in global markets.

The Importance of E-Commerce in Global Markets Is Increasing Significantly