Advances in technology, given the high cost, inhibits small companies to compete in a global economy.

Question

Quizplus · Accepted Answer

Advances in technology actually make it easier for small companies to compete in a global economy. Technologies such as cloud computing, social media, and e-commerce platforms have lowered the barriers to entry and provided small businesses with greater access to customers and markets. While there may be upfront costs associated with implementing new technology, the benefits can far outweigh the costs in the long run.

Advances in Technology, Given the High Cost, Inhibits Small Companies