Information technology has enabled businesses to compete in which of the following ways?
A) by being a low-cost producer of a good or service
B) by differentiating their products or services
C) both A and B
D) none of the above

Question

Quizplus · Accepted Answer

Information technology has allowed businesses to lower their costs and improve their efficiency, allowing them to become low-cost producers. It has also allowed them to differentiate their products or services by providing unique features and capabilities that their competitors may not be able to offer. Therefore, both A and B are correct statements.

Information Technology Has Enabled Businesses to Compete in Which of the Following