how does the use of new technology in industry benefit producers more so than consumers? producers can buy…
how does the use of new technology in industry benefit producers more so than consumers? producers can buy goods 24 hours a day. producers can instantly contact companies. producers can quickly transport global goods. producers can purchase services online.
Answer
Brief Explanations:
New - technology enables faster global goods transport, which is a major operational advantage for producers in terms of supply - chain management and market reach. While consumers can also benefit from availability of goods, producers gain more directly in terms of business efficiency and competitiveness. Buying goods 24/7, instant company contact, and online service purchase are also benefits but not as impactful as global goods transport for producers' core business operations.
Answer:
Producers can quickly transport global goods.