Question

true or false: an ecommerce business is not a real business because it is done entirely online. true false which of the following is an example of product development? adding a new product to your brand buying new products from another company and reselling them changing how you do business so that you are more consumer oriented increasing the front - facing camera quality on a laptop which of the following is a reason why startups sometimes fail? the entrepreneur did not do research to select a business model

Explanation:

1. E - commerce is a legitimate business model involving buying and selling over the internet, so the statement is false.
2. Product development involves creating or improving products. Increasing the front - facing camera quality on a laptop is an example of enhancing a product feature, which is product development. Adding a new product to a brand is more about brand expansion, buying and reselling is a different business model, and changing business orientation is not product development.
3. Not researching and selecting an appropriate business model can lead to startup failure as it affects revenue streams, cost structures, and overall viability.

Answer:

1. B. False
2. D. Increasing the front - facing camera quality on a laptop
3. A. The entrepreneur did not do research to select a business model