21st Century Business Landscape

What has technology significantly changed in the business landscape?

• Prices of raw materials

• Availability of human labor

• Competitive base

• Corporate taxes

Which of the following is a result of improved technology in retail?

• More import tariffs

• Goods are only sold in malls

• Availability through retail portals

• Higher dependency on middlemen

What has challenged traditional brick-and-mortar businesses?

• Local promotions

• Individual mobility

• Import restrictions

• Manual bookkeeping

What is one business model shift driven by mobility and technology?

• Universal basic income

• Work-from-home employment

• Mandatory overtime work

• Hiring local-only employees

Globalization has enabled foreign brands to enter markets by:

• Increasing trade taxes

• Reducing import tariffs

• Regulating social media

• Limiting outsourcing

Why do companies outsource business functions globally?

• To avoid technology use

• To increase travel costs

• To access inexpensive skilled labor

• To avoid foreign competitors

What role does global connectivity play in modern business?

• Slows down transactions

• Increases paper usage

• nables faster access to customers

• Eliminates all advertising

Which device feature supports multitasking for modern users?

• Fragile screens

• High weight

• Limited access

• Mobile flexibility

How has the “information age” affected advertising?

• Made billboards more effective

• Decreased customer interaction

• Shifted advertising online

• Banned social media

Which of the following is a benefit of online business functions?

• Slower deliveries

• Elimination of traditional middlemen

• Higher labor costs

• More paperwork