How can the Internet of Things act as a disruptive force to change the way in which businesses function?
What will be an ideal response?
The Internet of Things is the idea that objects are becoming connected to the Internet so that they can interact with other devices, applications, or services. In other words, everyday objects are increasingly being embedded with hardware capable of sensing, processing, and transmitting data. These objects can then connect to a network and share data with any other application, service, or device. Over time, mobile phones became smartphones by adding more processing power, more memory, Internet access, Wi-Fi connectivity, and the ability to interconnect with other devices and applications. People thus began to use their mobile phones much differently than before. This shift also changed the way businesses operate. This shift away from "dumb" devices to interconnected smart devices is not lost on businesses. Consumers like smart devices and are willing to pay more for them. Accordingly, businesses want to improve the existing devices they manufacture into smart devices, and then sell them for twice as much.
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Which of the following statements about products, goods, and services is true?
A. Products and goods are synonymous terms B. Goods and services are tangibles C. Salespeople do not sell services D. Goods and products are tangibles E. Services and products are tangibles
Which approach to addressing resistance to change is most commonly used in a crisis when leaders need everyone on board with the changes and right away?
A. negotiation B. participation C. coercion D. manipulation
Technological tools such as the Internet and email have:
A. decreased the importance of entrepreneurship in the national economy. B. made it easy for small businessowners to manage their firms on the go. C. made it harder for small businesses to compete against large businesses. D. increased the number of legal regulations that small businesses should comply to.
The legal interest an owner has in real property is called the ____________________
Fill in the blank(s) with correct word