Widespread use of the Internet caused disruption and quick evolution within the

Question

Widespread use of the Internet caused disruption and quick evolution within the music industry. Responses to widespread Internet usage included technological evolutions, such as uniquely identifiable digitally tagged files, and the passage of laws that penalized file sharing. Which type of e-commerce put music industry artists, publishers, and retailers at risk of losing potential revenue due to widespread use of the Internet? Peer to peer Business to business Business to consumer Consumer to consumer

Explanation / Answer

Answer: peer to peer

explanation:

Peer-to-Peer, or P2P, Service is a decentralized platform whereby two individuals interact directly with each other, without intermediation by a third-party, or without the use of a company of business selling a product or service. The buyer and the seller transact directly with each other via the P2Pservice. Some P2P services do not involve an economic transaction such as buying and selling, but bring together individuals to work on joint projects, share information, or communicate without intermediation.

When a third party is removed from the transaction, there is a greater risk that the provider of the service may fail to deliver, that the service will not be of the quality expected, or that the buyer may not pay. This extra risk is often defrayed by reduced transaction costs and lower prices. Often, businesses are created with the intent of facilitating P2P transactions and reducing risk for both buyer and seller. The majority of P2P services today are offered online.

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