Which of the Following Gained the Most from Technological Advances

question 33

Multiple Choice

Which of the following gained the most from technological advances in the 1940- 1990 period?

• A) Asian nations
• B) African nations
• C) Latin American nations
• D) Middle Eastern nations
• E) Developed OECD nations

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Definitions:

B₂C Buying

The purchasing process in which businesses sell products or services directly to consumers, typically through retail or online channels.

B₂B Purchasing Process

The sequence of steps a business goes through to purchase goods or services from another business, often involving complex decision-making and multiple stakeholders.

Consumer Decision-Making Process

The stages a consumer goes through before purchasing a product, including problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior.

Derived Demand

A situation where the demand for one product or service occurs as a result of the demand for another product or service.