Trends in the modern business environment include a shift to a service economy and the rise of the global marketplace.

Question

Quizplus · Accepted Answer

The statement is true. The modern business environment has seen a shift towards a service-based economy where value is provided through intangible services rather than physical goods. Additionally, the rise of technology and globalization has led to the growth of the global marketplace, making it easier for businesses to expand beyond their local borders and reach customers around the world.

Trends in the Modern Business Environment Include a Shift to a Service