All of the following statements are true about information technology's impact on business firms except:
A)it helps firms expand in size.
B)it helps firms lower the cost of market participation.
C)it helps reduce internal management costs.
D)it helps reduce transaction costs.
E)it helps reduce agency costs.

Question

Quizplus · Accepted Answer

Information technology helps firms become more efficient and competitive, but it doesn't necessarily lead to expansion in size. Expansion is influenced by a variety of factors including market demand, strategic decisions, and financial resources. Technology primarily enhances operational efficiency and effectiveness.

All of the Following Statements Are True About Information Technology's