Underlying Any Economic Environment Is Technology Which Affects

question 61

Multiple Choice

Underlying any economic environment is technology which affects:

• A) how the economy's resources are converted to output.
• B) how quickly technological developments lead to new consumer protection laws.
• C) how competitors react to each other.
• D) how aggressive competitors are in planning new marketing strategies.
• E) how fast consumer attitudes change.

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Definitions:

Strategic Marketing Planning

Development and execution of marketing strategies to reach business objectives, including market analysis and strategy formulation.

Discontinued

Products or services that have been ceased by their providers, and are no longer available to consumers.

Boston Consulting Group

A global management consulting firm known for its expertise in business strategy and its development of the growth-share matrix.

Portfolio Analysis

A process of assessing and evaluating a set of investments, assets, or projects to determine their performance and alignment with strategic goals.