Answered: Low-cost global communications networks…

Low-cost global communications networks such as the World Wide Web are helping to create electronic global marketplaces. true or false?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Low-cost global communications networks such as the World Wide Web are helping to create electronic global marketplaces. true or false?

Expert Solution

Step 1: Significance of global communication networks

Communication networks help people connect with each other. People living in different geographical locations can connect with one another through these communication channels. When communication networks help to connect globally, and come at a low cost, they can be used for multipurposes.

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