Explain how the Internet caused disruption among businesses.
What will be an ideal response?
The Internet has completely disrupted the way businesses operate, employees communicate and products
are developed and sold. Here are a few examples: Travel site Expedia. com is now the biggest leisure-
travel agency, with higher profit margins then even American Express. $35 billion annual online music
downloads are wrecking the traditional music business. Dell increases profit margins while cutting prices
by using the Internet to link suppliers and customers. eBay is one of the nation's top 15 retailers.
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Chip and Dayle’s relationship is falling apart and they now hardly speak to one another except in abbreviated messages that are low in quantity. Chip and Dayle’s relationship has reached which stage of Knapp and Vangelisti’s relationship model?
A. circumscribing B. intensifying C. stagnating D. terminating
When doing business in several countries, the two market screening approaches are
A. region and market. B. segment and market. C. country and segment. D. country and region.
A "holder" of order paper can be described as:
a. the payee. b. any person in possession of the instrument. c. any person in possession of the instrument if it is payable to or indorsed to him. d. the first party to come in contact with a negotiable instrument.
Benedict applies for a credit card with a credit limit of $30,000. However, the issuing bank rejects his application because of his low credit score. While rejecting his application, the bank provides him with a free copy of his credit score. In this scenario, the bank is following the mandate of the _____.
A. Federal Credit Union Act B. Dodd-Frank Act C. Glass-Steagall Act D. Credit Card Accountability, Responsibility and Disclosure Act