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Technological Product Market Comparative Advantages

Technological Product Market Comparative Advantages

          
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About the Book

⦁Smart phone will be future new communication channelsIn the past, a company provided customer service through emails -that did not get prompt responses - and phone calls. These two communication tools had their own challenges and favored the company more; it was at their discretion what information to give out.This age however, is very refreshed. Social media platforms and live chat place you right in front of your customer; you cannot sacrifice your customer to maintain your brand position. Actually, when you do not respond to a query, you damage your brand reputation because that information is accessible to millions of people.These new tools is that you have a wider data collection pool; you can fast track your research and development by utilizing the big data.In conclusion, we have seen the growth of technology and its impact on consumer behavior. We have looked at three ways that consumer behavior has changed, from connected consumers to changed expectations and new communication tools use. I believe the statement "Customer is King" has never been experienced by companies like in this information technology. Customers now know they are powerful, what are you doing to quench their instant information thirst.⦁The growing importance of the smart mobile technology economyTechnology has deeply affected the global economy and its usage has been linked to marketplace transformation, improved living standards and more robust international trade. So, if technology has virtually revolutionized every industry in the current global economy, why economists still question whether technology is visible in traditional economic metrics such as GDP, productivity, and corporate profits?Technological advances have significantly improved operations and lowered the cost of doing business. Currently, as an example, just a few technicians controlling robotic systems can operate an entire manufacturing plant, and innovative inventory systems are capable of supplying needed parts within a short time for assembly. Advancements in the computer industry, coupled with advancements in telecommunications, have increased job opportunities and strengthened economic growth.


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Product Details
  • ISBN-13: 9798609740434
  • Publisher: Amazon Digital Services LLC - KDP Print US
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 312
  • Spine Width: 21 mm
  • Width: 203 mm
  • ISBN-10: 8609740439
  • Publisher Date: 05 Feb 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 861 gr


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