How does the use of new technology in industry benefit consumers more so than producers? Consumers can allocat

Question

How does the use of new technology in industry benefit consumers more so than producers?

Consumers can allocate their resources wisely.
Consumers have greater access to information.
Consumers can use materials from anywhere.
Consumers can ship goods around the world.

GPT-5 mini · Answer

"Consumers have greater access to information."

Explanation: new technologies (internet, apps, databases) reduce search costs and give consumers easy access to prices, reviews, and product specs so they can make better, more informed buying decisions. The other options (sourcing materials globally, shipping goods worldwide) mainly improve producers' supply chains and distribution.

How does the use of new technology in industry benefit consumers more so than producers?

Consumers can allocate their resources wisely.
Consumers have greater access to information.
Consumers can use materials from anywhere.
Consumers can ship goods around the world.

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How does the use of new technology in industry benefit consumers more so than producers? Consumers can allocate their resources wisely. Consumers have greater access to information. Consumers can use materials from anywhere. Consumers can ship goods around the world.

All Answers 1

Submit Your Answer

How does the use of new technology in industry benefit consumers more so than producers?

Consumers can allocate their resources wisely.
Consumers have greater access to information.
Consumers can use materials from anywhere.
Consumers can ship goods around the world.