In the US, Which of the Following Has Likely Been

question 19

Multiple Choice

In the US, which of the following has likely been the most influential with respect to the increased level of competition faced by many local retail businesses?

• A) vast improvement in communications technologies
• B) development of the Internet
• C) global business-to business websites
• D) globalization and all of the above

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Definitions:

Complexity

The state or quality of having multiple interrelated parts, leading to difficulty in understanding, analysis, or resolution.

Rate of Change

A measure that describes how quickly or slowly a variable, such as a stock price or technology, changes over a period.

Competitive Advantage

An attribute that allows an organization to outperform its competitors, due to unique resources, capabilities, or positioning.

Patented Technology

Technological inventions or processes that are protected by patents, preventing unauthorized use or replication.