Which of the following statements accurately reflect the impact of technology?
A)technology has caused buyer power to increase
B)technology has lessened the entry barriers for many industries
C)technology has increased the threat of substitute products and services
D)all of the above

Question

Quizplus · Accepted Answer

Technology has indeed caused buyer power to increase by providing them with more information and options, lessened the entry barriers for many industries by reducing the need for physical assets and enabling digital services, and increased the threat of substitute products and services by facilitating innovation and the introduction of alternatives.

Which of the Following Statements Accurately Reflect the Impact of Technology