Question

Another reason fueling the boom in fast-growing technology services is ___________________, which, when done right, can virally spread awareness of a firm with nary a dime of conventional ad spending a. legacy systemsa.App storesb.Big data and business analyticsc.Esoko and M-Pesad.Sproxile.Legacy systems

Answer 1

Answer:

A) App stores

Explanation:

App stores have a positive impact on the whole American economy and can help companies by:

• reducing transaction costs
• lowering entry barriers
• increasing consumer trust and security

For example, during 2018, the app economy in the US represented  $568.47 billion and it included over 5,744,481 people working in 317,673 different companies.

App stores allow companies, specially smaller companies and entrepreneurs, to have a low-cost distribution channel to massive markets all around the world.

The impact of the app economy will only increase as the internet of things (IoT) increases.