Information Systems Technology Can Be Viewed as a Factor of Production

question 45

True/False

Information systems technology can be viewed as a factor of production that can be substituted for traditional capital and labor from the point of view of economics.

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Definitions:

Product Lines

A group of related products under a single brand sold by the same company, intended to cater to different consumer needs or preferences within a market segment.

Market Segments

The division of a market into distinct groups of buyers with different needs, characteristics, or behaviors who might require separate products or marketing strategies.

Product Synergies

The enhanced value or performance resulting from the use or combination of two or more products or services together.

Apple

A multinational technology company known for its line of consumer electronics, software, and online services.