Underlying any economic environment is technology which affects:
A) how the economy's resources are converted to output.
B) how quickly technological developments lead to new consumer protection laws.
C) how competitors react to each other.
D) how aggressive competitors are in planning new marketing strategies.
E) how fast consumer attitudes change.

Question

Quizplus · Accepted Answer

Technology affects the production process and efficiency, which in turn impacts how the economy's resources are converted to output. The other options listed are not directly related to technology.

Underlying Any Economic Environment Is Technology Which Affects