One Advantage of IT Is the Ability to Keep Track

question 105

True/False

One advantage of IT is the ability to keep track of many more people and enhance personalization.

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Definitions:

Pure Competitors

Firms operating in a market where products are identical, and there are no barriers to entry, leading to many sellers and buyers.

R&D

Research and Development; activities undertaken by companies or governments in order to innovate and introduce new products or services.

Innovation

The process of creating new products, services, or methods that improve efficiency or provide new benefits.

Distribution Method

Strategies and channels a company uses to deliver its goods or services to consumers.