Which of the following is a characteristic of the shift from an industrial to an information economy?

Question

Quizplus · Accepted Answer

The shift from an industrial to an information economy is marked by a change in focus from mass production to niche markets. This is because the information economy is characterized by the production and dissemination of information rather than physical goods. In order to succeed in this new economy, businesses need to focus on producing goods and services that are tailored to the specific needs and preferences of their customers. This requires a shift away from mass production to smaller, more targeted production runs that are geared towards niche markets.

Which of the Following Is a Characteristic of the Shift