Companies use technological changes such as consumer databases, blogs, and social networking in order to develop products that Blank______.Multiple choice question.result in profitabilityare easy to producecan be sold globallymeet consumer needs

Multiple Choice QuestionDue to changes in communication and advancements in _____ (such as cell phones, the Internet, and social media), small companies can better customize their services quickly for international customers.Multiple choice question.manufacturingtechnologylogisticsmarketing

Select the technological innovations that companies can use to develop products and services that match consumers' wants and needs more effectively.Multiple select question.Social mediaBlogsFinancial statementsData bases

Using technology for the development of new products creates Blank______ for customers.Multiple choice question.competitioninflationvaluesuperior service

Multiple Choice QuestionWhich of the following can be a cause of extensive economies of scale?Multiple choice question.Creative destructionReduced production inputsBarriers to entryModern technology

The businesses that will succeed in today's economy will be those which are Blank______.Multiple choice question.equipped with new technologyhave databasesfocused on producing most efficientlymost responsive to customer wants and needs