Marquand says: Information technology has had its biggest impact on business in communication and access to data.Businesses can collaborate with colleagues in different locations and with external partners with ease.Businesses also have access to a greater range of information at a greater speed than ever before.And with this constantly updated information,businesses can plan quicker responses to real-time market conditions and increase efficiency. Stevenson responds: Information is important,but what's more important is how that information is used.And there is no more direct way that information technology has helped businesses than the ability to sell directly to consumers.Online selling has opened entirely new markets that allow businesses to make greater profits in an efficient manner.Many businesses,such as Amazon,have used online selling to disrupt industries.Without having to spend money on bricks-and-mortar storefronts,they can make billions in profits selling products at low prices.In addition,Amazon (along with Alibaba and many others) have opened efficient platforms allowing small and big businesses to sell around the world.
Which of the following,if true,would best support Stevenson's position?
A) In general,the more that information technology is used by businesses,the better they perform.
B) Businesses that exclusively sell online have been the fastest-growing.
C) The most successful businesses are those that make use of information technology.
D) Many more businesses sell their products over the Internet now than in the past.
E) Easily packaged imperishable consumer goods are those that are best suited to being sold over the Internet.
Correct Answer:
Verified
Q136: What is improving knowledge in an area
Q137: What is the pattern of short-term ups
Q138: When the economy shrinks for two consecutive
Q139: The growth rate of gross domestic product
Q140: Total gross domestic product divided by the
Q143: An enterprise in which two or more
Q144: Flavour Foods runs The Hungry Cow,a chain
Q147: The business cycle consists of four phases:
Q149: In the past, organizational boundaries were fairly
Q157: Low inflation will allow McDonald's to increase
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents