In the Age of Digital Technology, the Primary Source of Value

question 30

True/False

In the age of digital technology, the primary source of value creation for consumers has shifted from physical goods to service and information.

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Definitions:

Ingredients

The components or elements that are combined to create a product, often used in the context of cooking or manufacturing.

Final Market Value

The total worth of a product or service determined at the point of sale, reflecting the end price paid by consumers.

Production Stages

Production stages refer to the various phases involved in creating a product, from initial design and raw material sourcing to manufacturing, finishing, and eventually, distribution.

Gross Domestic Product

The full economic or market value of all the finished goods and services made within the geographical confines of a country in a particular period.