The Ability to Access Information with Great Speed Reflects the Impact

question 60

Multiple Choice

The ability to access information with great speed reflects the impact of

• A) the information revolution.
• B) technological advances and breakthroughs.
• C) globalization.
• D) All of the answer choices are correct.
• E) None of the answer choices is correct.

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Definitions:

Marketing Tactics

Specific actions, techniques, or strategies used to achieve marketing goals, such as promotions, advertising campaigns, and social media engagement, tailored to target audiences.

Generic Business Strategy

A basic strategy for achieving competitive advantage that can be adopted by any firm, typically categorized into cost leadership, differentiation, and focus strategies.

Competitive Advantage

The attribute that allows an organization to outperform its rivals, gained through offering greater value to consumers or operating more efficiently.

Annual Business Plan

A yearly roadmap outlining business objectives, strategies, and actions to be undertaken to achieve the company’s goals.