Effects of Internet on Consumer Behavior

Firms need to be responsive to external opportunities and threats in order to survive in a fluctuating business environment.

The movement towards an integrated global economy leads to a more intense economic and geopolitical environment.

The compression of time and distance affects traditional political boundaries in the business landscape.

<p>Businesses need to function at a global arena to remain competitive.</p> Signup and view all the answers

<p>The major external drivers shape the business landscape by influencing how firms operate and compete globally.</p> Signup and view all the answers

<p>The internet provides choices to consumers, allows them to compare prices, services, and quality with accuracy, and places pressure on logistics systems and supply chains.</p> Signup and view all the answers

<p>Technology has allowed consumers and firms to access information at any time, influencing their decision-making process.</p> Signup and view all the answers

<p>Logistics in commercial environments focuses on supply and demand of raw materials and finished goods.</p> Signup and view all the answers

<p>Logistics management is an integrating function that coordinates and optimizes all logistics activities.</p> Signup and view all the answers

<p>Logistics Management is part of supply chain management and involves planning, implementing, and controlling the efficient flow and storage of goods.</p> Signup and view all the answers