A Sudden Technological Advance Will Generally Result in

question 15

Multiple Choice

A sudden technological advance will generally result in

• A) higher output and lower investment
• B) higher output and higher investment
• C) higher output but no impact on investment
• D) no impact on output or investment
• E) lower output

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Definitions:

Online Shopping

The process of buying goods or services over the internet from websites or applications.

Cross-channel Consumer

A consumer who uses multiple channels or platforms (e.g., online, in-store, mobile apps) to interact with and purchase from brands.

Shops Online

Retail outlets or platforms that operate on the internet, allowing consumers to buy goods or services electronically.

Online Consumers

Individuals who purchase goods or services over the internet, utilizing digital platforms for shopping rather than traditional brick-and-mortar stores.