How has e$-$commerce impacted traditional business models?

It has led to a decrease in competition, as smaller businesses struggle to compete with larger online retailers.

It has disrupted traditional models by removing barriers to entry for small businesses and enabling $24/7$ operations.

It has had minimal impact, as most consumers still prefer traditional brick$-$andmortar stores for their purchases.

It has made it more difficult for businesses to reach a global audience, as online marketing is less effective than traditional methods.