A business that uses the global communications infrastructure of the internet as a trading base is known as what?

A business that uses the global communications infrastructure of the internet as a trading base is known as what?

• A. Franchise
• B. Partnership
• C. Primary sector
• D. Online business

Answer: (D)

Using the internet as the trading base means the business conducts almost all buying and selling online, through websites or apps, with payments and communications handled digitally and a global reach. This is exactly what an online business is: it sells goods or services over the web and relies on the internet’s infrastructure as its main trading platform. A franchise involves following a brand’s established business model through a franchising agreement, not simply operating online. A partnership is a way of owning and running a business with joint ownership. The primary sector refers to industries that extract or harvest natural resources, not to how a business trades. So, the description best fits an online business.

Using the internet as the trading base means the business conducts almost all buying and selling online, through websites or apps, with payments and communications handled digitally and a global reach. This is exactly what an online business is: it sells goods or services over the web and relies on the internet’s infrastructure as its main trading platform.

A franchise involves following a brand’s established business model through a franchising agreement, not simply operating online. A partnership is a way of owning and running a business with joint ownership. The primary sector refers to industries that extract or harvest natural resources, not to how a business trades. So, the description best fits an online business.