Define digital economy. Identify six major characteristics of the digital economy
What will be an ideal response?
The digital economy is an economy based on digital technologies including digital communication networks, computers, software, and other related information technologies. The major characteristics of the digital economy include globalization, digital system, speed, information overload and intelligent search, markets, digitization, business models and processes, innovation, obsolescence, opportunities, fraud, wars, and organizations.
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The ability to improve decision making by using "what if" analysis is a characteristic of a marketing information system
Indicate whether the statement is true or false
The statement of cash flows helps predict future cash flows by reporting past cash _______
Fill in the blank(s) with the appropriate word(s).
A marketing plan created for an end-user most likely addresses:
A. the business proposition. B. the features, advantages, and benefits of the product. C. how a reseller will sell the product once purchased. D. how the product can be used. E. forecasted profit and ROI.
Accrual accounting requires frequent, ongoing changes in estimates
Indicate whether the statement is true or false