When Smartphone Manufacturers Began Including Cameras and Voice Recorders in Their

question 97

True/False

When smartphone manufacturers began including cameras and voice recorders in their products, that was an example of industry convergence.

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Definitions:

Niches

Specific, targeted segments of a market where businesses can focus their products or services to meet specific consumer needs.

Consumer Income

The total earnings of a consumer, influencing their purchasing power and consumption habits.

High-Quality Products

Goods that exceed the standard expectations in performance, durability, and reliability.

Eating Out

Refers to the activity of dining in restaurants or other food establishments rather than at home.