Freeconomics Is the Leveraging of Digital Technologies to ________

question 30

Multiple Choice

Freeconomics is the leveraging of digital technologies to ________.

• A) provide high quality products and services at low prices as a business strategy for gaining a competitive advantage
• B) provide free product information to customers as a business strategy for gaining a competitive advantage
• C) provide dissatisfied customers easy access to business premises and top management of the firm
• D) match customer preferences with product features to increase the customer base
• E) provide free goods and services to customers as a business strategy for gaining a competitive advantage

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Definitions:

Patents

Legal documents granting exclusive rights to inventors for the protection of their inventions.

Labor Management

Describes the process of coordinating and controlling the relationship between employers and workers, focusing on overseeing work conditions and employment terms.

Patent Law

The area of law that deals with the granting of patents for new inventions and the rights of the inventors.

Foreign Trading

The act of buying and selling of goods and services between countries, which is a fundamental aspect of global economies and influences political and economic relationships.