What is one of the effects that the Internet has had on business?

It has led to new monopolies in many industries.

It has reduced start-up costs for many businesses.

It has increased the prices of goods that are not bought on the Internet.

It has decreased the kinds of goods that are available to individual buyers.

Question

Lauryn Griffin

Social Studies

15 January, 11:29

What is one of the effects that the Internet has had on business?

It has led to new monopolies in many industries.

It has reduced start-up costs for many businesses.

It has increased the prices of goods that are not bought on the Internet.

It has decreased the kinds of goods that are available to individual buyers.

+3

Answers (2)

Know the Answer?

Kailyn Acosta · Answer 1

The answer is: it has reduced start-up costs for many businesses.

The internet has changed the world of business, it has brought new benefits, challenges and conditions that businesses have had to adapt to.

One of the benefits has been the reduced start-up costs for many businesses, these costs have decreased due to many factors; one of them is that physical facilities are no longer necessary to start a business, it can be started online; another one is the cost of marketing, when you start a business you can market your product on social media and ask your clients to share publicity on their social accounts.

These factors have made it possible for people with limited resources to start a business.

Layton Hampton · Answer 2

B. It has reduced start-up costs for many businesses.

Explanation:

In the first year you are in business, you can deduct Up to $5,000 in start-up costs provided you've spent $50,000 or less This deduction must be made in the first year you are actively in business. The balance over $5,000 must be capitalized and amortized over the applicable number of years.