Which of the Following Advances Contributed to the "New Economy

question 158

Multiple Choice

Which of the following advances contributed to the "new economy" of the mid-1990s?

• A)the increased use of the Internet in selling products and services
• B)expanded cell phone use
• C)the lower cost and increased availability of laptop computers
• D)all of the above

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Definitions:

New Buy

A transaction situation characterized by a consumer purchasing a product or service for the first time, which involves a higher level of decision-making and risk.

B2B Buying Situation

The context or scenario surrounding a purchase decision made by a business from another business, including factors such as urgency, budget, and specifications.

New Buy

A situation where a customer purchases a product or service for the first time, usually involving more decision-making efforts and information search.

Organizational Culture

The shared values, norms, and practices that dictate how people interact and work together within an organization.