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Ainat [17]
2 years ago
12

How has information technology impacted the economy? choose three answers. it has allowed economists to better predict how resou

rces should be allocated. it has assisted governments to make better economic policy decisions. it has become more difficult for businesses to identify when shortages will occur. it has steadily increased the amount of time to share data between locations. it has expanded growth and outlook in information technology careers.
Business
1 answer:
BARSIC [14]2 years ago
7 0

The IT impacted the economy by able to predict about resource allocation, governments policy decisions, employment in information technology sectors has grown.

<h3>What is information technology?</h3>

Anything relating to computing technology is referred to as information technology.

Information technology (IT) is the creation, process, storage, security, and sharing of all types of electronic data using computers, collection, connectivity, and various physical devices, infrastructure, and procedures.

Economists are more knowledgeable about how resources should be allocated. Economic policy decisions can be made more effectively by governments.

The number of persons working in the information technology industry has risen.

Therefore, option A, B, and E are correct.

Learn more about information technology, refer to:

brainly.com/question/17187984?referrer=searchResults

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The correct answer is B) low-cost provider strategies, broad differentiation strategies, best-cost provider strategies.

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A competitive advantage allows one company to produce or sell goods more effectively than another company. For that reason, entrepreneurs always try to develop competitive strategies that help them maintain that advantage.

According to researcher researcher Michael E. Porter, there are at least four types of competitive strategies: differentiation, cost leader, low cost approach, and low cost differentiation. Each entrepreneur can use one of these standard strategies or develop his own strategy since flexibility is an important characteristic of competitive strategies, although the reality is that most companies use one of these four generic strategies.

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