List a Web 2

question 35

Short Answer

List a Web 2.0 technology and how it benefits from the network effect.

Understand how different industries face varied threats and opportunities.

Be aware of the strategic significance of innovations in product delivery.

Recognize the difference between internal and external customers and utilities.

Understand the difference between operational effectiveness and strategic positioning.

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Definitions:

Government Purchases

Expenditures by the government sector for goods and services that government consumes in providing public services and for public capital that has long-term usage.

Consumption

The total amount of goods and services consumed by households over a specific time period.

Nominal GDP

The total worth of all end products and services made inside a nation over a specified time frame, valued at present-day prices.

Real GDP

Measure of a country's economic output adjusted for price changes (inflation or deflation), representing the value of all goods and services produced over a specific time period at constant prices.