Which of the Following Changes Occurring in Today's Economy Has

question 2

Multiple Choice

Which of the following changes occurring in today's economy has NOT been caused by the growth of the Internet?

• A) increase in product selection
• B) shifting demand patterns
• C) privacy and security concerns
• D) rising prices for most products
• E) audience and media fragmentation

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Definitions:

Productivity

A measure of how efficiently outputs (goods and services) are produced from inputs (labor, capital, materials).

Global Financial Crisis

Was a consequence of sub‐prime mortgage defaults in the United States in 2008 and culminated in a worldwide recession.

Process Re-Engineering

A complete overhaul and innovative redesigning of business procedures aimed at achieving significant enhancements in key performance indicators.

Customer Needs

Refers to the wants or desires that a customer expects a product or service to fulfill.