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1 year ago

How does the use of new technology in industry benefit producers more so than consumers?

1 answer:

4 0

The use of new technology in industry has benefited producers more so than consumers as, "Producers can transport goods around the world."

With faster decision-making and quick responses, the new technology enables producers to become more competitive in the market. The technology is helping to increase the efficiency of systems, products and services.

With the help of technology, the products which are produced are being marketed and then they are being transported around the world. This way it enables the business to grow rapidly and increases the profits.

Through the use of technology, businesses can research the market. This is extremely useful as it provides businesses with in-depth knowledge about market conditions.

Hence, the use of new technology in industry has benefited producers more so than consumers.

To learn more about the producers and consumers here:

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sveta [45]

Answer:

8.3% - 60%

Explanation:

Unemployment rate is the total of unemployed divided by the total workforce. As the question says, there is 1 million of unemployed and the people able to work is 12 million (1 million unemployed plus 11 employed). So the unemployment rate is 1/12... which is 8.3%

The participation rate is the employed plus the people that have no job but are actively seeking for a job, divided by the population that is in working age. The people who has no job, is in working age and available to work and is actively looking for work is the unemployed (ILO definition of unemployment). So we have 1 million plus the 11 million of employed, we have a total of 12 million. So the participation rate is 12/20... which gives us 60%

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3 years ago

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3 years ago

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Marysya12 [62]

Answer:

The answer is true. It is a true statement

Explanation:

When a product reaches its maturity life cicle there is promotion focuses on reminder advertising and keeping customers involved. In addition the emphasis is placed on holding market share through further differentiation and attracting new buyers.

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3 years ago

3.10 What will be the amount accumulated by each of these present investments? (a) $5,000 in 5 years at 7% compounded annually.

Ostrovityanka [42]

Answer:

1) FV =7012.76

2) FV =26408

3) FV ==61565.31

4) FV =18416.24

Explanation:

The formula used for calculation of future value for given present investment is given as

FV = PV ( 1 + I )ⁿ

1) for PV = 5000, n = 5 year, I = 7%

FV = 5000*(1.07)^5

FV =7012.76

2) for PV = 7200, n = 15 year, I = 9%

FV= 7250*(1.09)^15

FV =26408

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FV= 9000*(1.06)^33

FV ==61565.31

4) for PV = 12000, n = 8 year, I = 5.5%

FV = 12000*(1.055)^8

FV =18416.24

6 0

3 years ago

20 points easy question………….

Vikentia [17]

Answer:

option A is correct

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2 years ago