General Education Development (GED) Practice Exam

In order to start an online business, an individual would need all but which of the following?

1. A business model

2. A website

3. An email address

4. A fax machine

The correct answer is: A fax machine

When starting an online business, a fax machine is not a necessary requirement. In today's digital age, most communication can be effectively conducted via email, instant messaging, or video conferencing. These tools not only allow for more efficient communication but also reduce costs associated with maintaining outdated technology like fax machines. A business model is crucial as it defines how the business will operate, make money, and engage customers. Without a clear business model, the venture may lack direction and sustainability. A website is essential for an online business as it serves as the primary platform through which customers interact with the business, view products or services, and make purchases. Additionally, having an email address is fundamental for communication with customers, suppliers, and other stakeholders, as it provides a professional mode of interaction that is widely expected in the digital marketplace.