The ability to effectively and efficiently access and use information is:
A) Vitally important at the point where a domestic firm enters the global market
B) An important source of competitive advantage in virtually all industries
C) The minimum required for survival in virtually any industry
D) Critically important mainly in high technology industries

Question

Quizplus · Accepted Answer

In today's technology-driven world, the ability to access and use information effectively and efficiently is an important source of competitive advantage in almost all industries. It helps firms make informed decisions, stay updated with the latest trends and best practices, and respond to market changes quickly, among other things. Therefore, it is not just vitally important at the point where a domestic firm enters the global market, but also a minimum requirement for survival in today's competitive business environment. While high technology industries may depend on information more heavily, the significance of information access and usage is not limited to such industries.

The Ability to Effectively and Efficiently Access and Use Information