Author Question: Describe the technological dimension of a business environment.[br][br][b][color=gray]Question ... (Read 61 times)

Ebrown · **on:** Jul 14, 2018

Describe the technological dimension of a business environment.

Question 2

If the Land of Mercury had total exports of 150 billion and total imports of 234 billion, it had a
A) comparative advantage.
B) trade deficit.
C) balance of payments.
D) negative output.
E) positive balance of trade.

reversalruiz · **Reply #1 on:** Jul 14, 2018

Answer to Question 1

The broad definition of business technology includes any tools that businesses can use to become more efficient and effective. But more specifically, in today's world, business technology usually refers to computers, telecommunications, and other digital tools. Over the past few decades, the impact of digital technology on business has been utterly transformative. New industries have emerged, while others have disappeared. The creation of the World Wide Web has transformed not only business, but also people's lives. Anyone, anywhere, anytime can use the Web to send and receive images and data (as long as access is available). One result is the rise of e-commerce or online sales, which allow businesses to tap into a worldwide community of potential customers.

Answer to Question 2

B