Information Technology Has Enabled Businesses to Compete in Which of the Following

question 1

Multiple Choice

Information technology has enabled businesses to compete in which of the following ways?

• A) by being a low-cost producer of a good or service
• B) by differentiating their products or services
• C) both A and B
• D) none of the above

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Definitions:

Baby Boomers

A generational cohort born approximately between 1946 and 1964, known for experiencing economic prosperity and significant social changes.

Organizational Design

The process of structuring an organization’s roles, responsibilities, and systems to achieve its goals and strategy effectively.

Individual Personalities

The unique set of emotional, thought, and behavioral patterns that define an individual and distinguish them from others.

Teams

Groups of individuals working collectively toward a common goal, often characterized by complementary skills and mutual accountability.