The Internet has changed the way many processes are performed in business today. The Internet has had a material effect on the five primary characteristics in the value chain and on the strategy adopted by businesses that incorporate use of the Web into their business systems. Which statement below is true regarding the Internet relative to a strategic position that a business may adopt?
a) Use of the Internet has reduced the power of buyers.
b) The Internet has increased the barriers to entry in many industries.
c) Use of the Internet reduces pressure to compete on price.
d) The most important effect of the development of the Internet in business is the increased importance of adopting a viable business strategy.