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Advances in Communications Technology Have Affected the Ways That Managers

question 19

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Advances in communications technology have affected the ways that managers may need to manage their employees because:


Definitions:

Specialty Product

High-quality, unique, or luxury items that consumers make special efforts to purchase, often involving extensive search and higher expenditure.

Industrial and Farm Equipment

Machinery and tools used in industrial operations and agriculture, such as tractors, harvesters, and assembly lines, to enhance productivity and efficiency.

Market Coverage

focuses on the extent to which a product or brand is recognized and available to customers within a market, affecting its overall market share.

Distribution Intensity

The level of market coverage of a product, ranging from intensive, selective to exclusive distribution.

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