What Role Does Technology Play in Business in General and in Terms

question 9

Essay

What role does technology play in business in general and in terms of shaping business strategy in particular?

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Definitions:

International Trade Agreement

A treaty or accord between countries that governs the rules and guidelines for trade between the signatories.

Supply Chain

The entire process of making and selling commercial goods, including raw material gathering, manufacture, distribution, and sale.

Target Markets

Specific groups of potential customers towards which a business directs its marketing efforts and products.

Marketing Concept

A management orientation that focuses on identifying and meeting the needs and desires of consumers.