Exploring the Global Reach of E-commerce

What are some key aspects of the global reach of e-commerce?

A) E-commerce is limited to a few developed countries.
B) Cross-border e-commerce is on the rise.
C) E-commerce is shrinking in scope.
D) E-commerce only impacts local markets.

Final answer:

The statement that 'Cross-border e-commerce is on the rise' is true while the others are false. E-commerce is not limited to developed countries, it is not shrinking in scope, and it doesn't impact only local markets – it impacts both local and global markets.

In examining the global reach of e-commerce, let's take a look at the given statements. The claim that 'E-commerce is limited to a few developed countries'(A) is false. As globalization expands and technology improves, many developing economies have seen unprecedented growth in e-commerce. Moreover, 'E-commerce is shrinking in scope' (C) is also incorrect since e-commerce is steadily expanding, driven by technological progress and the global economy's interconnected nature.

Also, the notion that 'E-commerce only impacts local markets' (D) is incorrect. It impacts both local and global markets through increased competition and availability of diverse products. However, the statement 'Cross-border e-commerce is on the rise'(B) is indeed true. Thanks to technological advancements, including vast improvements in internet infrastructure and usability, more consumers than ever can order products from all over the world, thereby enhancing the cross-border e-commerce.