Answer:internet businesses are often called Ecommerce businesses
Explanation:
Answer: Monopolistic
Explanation: In simple words, monopolistic refers to a structure under which the industry constitutes many producers that sells differentiated products and no one product is the perfect substitute of the other.
In the given case, the firms are few but they are manufacturing slightly different automobiles for the customers so that they can build a brand image and customer loyalty.
Hence from the above we can conclude that the correct option is B.
Answer:
Option C People face tradeoffs
Explanation:
The reason is that the tradeoff is situation where the wise person value the matter on a set scale and then make a decision to choose the best for the thing that he is ready to sacrifice. In business, it is also called Opportunity cost. You have two options in the scenario, if you go to swimming you can't watch the movie and if you go to movie then you can't enjoy swimming.
Example
When my girlfriend calls me during job timings I have to choose to leave the work or carefully listen to her. If I don't consider the girlfriend call a tradeoff here, I will stay single. So tradeoff are very important.
