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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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The production function gets flatter, while the total cost curve gets steeper due to the fact that Group of answer choices at lo

Minchanka [31]

The production function gets flatter, while the total cost curve gets steeper due to the fact that C. at higher levels of production firms require less inputs to increase production by the same amount as compared to lower levels of production.

The production function shows the relationship that exists between the inputs and the outputs during the production of a product.

It should be noted that diminishing marginal product is vital for explaining why the increase in the output of a firm results in the production function getting flatter. Also, the total curve becomes steeper.

Therefore, at higher levels of production, firms require fewer inputs to increase production by the same amount.

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2 years ago

Cool People publications focuses their marketing efforts on reaching African-American teenage girls. The firm believes that they

olya-2409 [2.1K]

Answer: Target Marketing

Explanation: In Target Marketing, a company focuses its attention on a particular group of people because it feels the needs of this group of people would be best met by a particular product or service it offers.

The company first breaks the market into segments, as can be seen in the question above, where Cool People has broken the market into segments and has chosen to focus on African-American teenage girls.

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2 years ago

Among the 1018 respondents, 128 said that rising gas prices are "not at all annoying." what percentage of respondents said that

uysha [10]

Answer: The percentage of respondents said that the gas prices are“Not at all annoying” are 12.57%

Explanation: There are 1018 respondents out of which 128 respondents said that the gas prices are “Not at all annoying”

$Percentage of the respondents are = Number of respondents who said gas prices are not annoying ÷ Total number of respondents *100$

Where, Number of respondents “Not at all annoying” = 128

Total Number of respondents = 1018

Percentage of the respondents = 128 ÷ 1018 * 100

Percentage of the respondents = 0.1257367 *100

Therefore, the percentage of respondents who said is not annoying is 12.57%.

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2 years ago

According to the new approaches to determining the success of an expatriate's assignment, the assessment of an expatriate's succ

aev [14]

Answer:

should be Globally acceptable with Flexibility, Leadership and Patience also with almost extreme Cultural Adaptability andLanguage Skills

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3 years ago

A 4PL, commonly referred to as a lead logistics provider, is a trucking company that also provides tracking servicesa) true b) f

gregori [183]

Answer:

False

Explanation:

4PL is the term used for fourth party logistics. It has nothing to do with a truck company. Rather it refers to the party of logistics services provider who provides the services in which it further takes the charge of goods from 3rd party of logistics service provider.

It not only delivers the goods but rather provides the entire facility of storage and care in the entire process.

This basically is not a function of trucking company, but a company which manages the goods transportation in complete sense. It even includes insurance during transportation many times.

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3 years ago