The new era of business is likely to be dominated by the
A) service sector.
B) information-based sector.
C) manufacturing sector.
D) continued decline in productivity.

Question

Quizplus · Accepted Answer

The rise of technology and access to information has led to the growth of the information-based sector, which includes industries such as software, e-commerce, and data analytics. This trend is likely to continue as technology continues to advance and reshape how businesses operate. The service sector is also important, but many service industries, such as healthcare and education, rely heavily on information and technology as well. Manufacturing has declined in many developed countries due to automation and outsourcing. Continued decline in productivity is not a likely scenario, as businesses are always striving to improve efficiency and profitability.

The New Era of Business Is Likely to Be Dominated