Read the Following Statements About the Information Revolution

question 37

Multiple Choice

Read the following statements about the Information Revolution. Which statement is NOT correct?

• A) The Information Revolution involves a shift from making tangible products to working with ideas.
• B) The Information Revolution involves a shift from gathering raw materials to making consumer products.
• C) The Information Revolution involves a shift from mechanical skills to literacy skills.
• D) The Information Revolution involves a shift from working in factories to working anywhere.

Identify and understand the key considerations and challenges in conducting a situation analysis.

Understand the concept of generic competition and its examples.

Describe the role and activities of corporate affairs in the analysis of the external environment.

Define data and distinguish it from information, analysis, and insights.

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Definitions:

Formal Investment

The act of putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit, typically through an official or regulated framework.

Bootstrapping

Starting a business with minimal financial resources and relying on one's own efforts and funds rather than seeking significant external funding.

Customer Base

The group of customers who repeatedly purchase the goods or services of a business, representing the business's main source of revenue.

Crowdfunding

Securing capital for a project or business by requesting small financial contributions from a large group of individuals, mainly via online channels.