High Levels of Digitisation Are Usually Associated With

question 7

Multiple Choice

High levels of digitisation are usually associated with:

• A)physical products with little information flow
• B)superior customer service
• C)information rich goods or services
• D)services with considerable brand equity

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Definitions:

Pareto Optimal

A state of allocation of resources from which it is impossible to reallocate without making at least one individual worse off.

Public Goods

Goods or services that are non-excludable and non-rivalrous, meaning they are available to all and not diminished by use.

Private Consumption

Spending by households and individuals on goods and services for personal use, excluding purchases by businesses or governments.

Pareto Optimal

A situation in which it is impossible to make any one individual better off without making at least one individual worse off.