Which of the Following Statements Is True of Digitization

question 12

Multiple Choice

Which of the following statements is True of digitization?

• A) It lowers the entry barriers to start-ups in many areas.
• B) It lowers the competition that established organizations face from unexpected areas.
• C) It lowers the number of employees displaced by automation.
• D) It lowers the need for cloud computing.

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Definitions:

Illegal Control

Unauthorized or unlawful dominance or influence over an entity, market, or activity.

Prices

The amount of money required to purchase a good, service, or asset.

Oligopolies

Market structures characterized by a small number of firms dominating the market, often leading to limited competition.

Horizontal Demand Curve

Represents a situation in which the demand for a product is perfectly elastic, indicating that consumers are willing to purchase any quantity of the product at a specific price.