The wireless communication business has changed dramatically since the 1980s,going from mobile phones to smartphones.This was only possible because:
A)of the persuasive advertising campaigns undertaken by firms in the wireless communication industry.
B)consumers welcomed the changes and were willing and able to pay for them.
C)of the dot-com stock market bubble that lasted from 1995 to 2000.
D)the government tightly regulated the wireless communication industry with regulations and taxes.
E)businesses needed to produce these products in order to recoup their investment in research and development.

Question

Quizplus · Accepted Answer

The change from mobile phones to smartphones was driven by consumer demand and willingness to pay for the new technology. It was not solely due to advertising, government regulations, or the dot-com bubble. While businesses needed to recoup their investment in research and development for these products, this alone would not have been enough to drive the shift to smartphones without consumer demand.

The Wireless Communication Business Has Changed Dramatically Since the 1980s,going