The World Has Essentially Become Smaller Because of

question 52

Multiple Choice

The world has essentially become smaller because of

• A)improved technology.
• B)trade agreements.
• C)better communications systems.
• D)all of the above.

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Definitions:

Compatibility

The ability of systems, devices, or products to work together without conflict, often requiring standardization or adaptation to enable interoperability.

Competitive Advantage

A scenario or factor that gives a firm an upper hand or superior stance against its competition.

Observability

The degree to which the results or benefits of a product or innovation are visible and understandable to others.

Product Life Cycle

The stages a product goes through from development and introduction to the market, through growth, maturity, and eventually decline.