Question

which of the following statements best explains how consumers determine growth in technological areas

Answer 1

Consumers determine growth in technological areas through demand and adoption of new products and services. Their preferences and feedback shape the direction of technological growth.

Step-by-step explanation:

The growth in technological areas is determined by consumer demand and adoption. Consumers play a vital role in determining the success and growth of technology as they drive the demand for new products and services. When consumers find value in a new technology and it meets their needs, they are more likely to adopt it, leading to growth in that technological area.

For example, the success of smartphones can be attributed to the high demand from consumers who saw the value in having a device that combined communication, internet access, and various applications in one portable device. The rapid adoption of smartphones by consumers propelled the growth in the smartphone industry.

In addition, consumer feedback and preferences also influence the direction of technological growth. Companies often rely on consumer feedback to improve existing technologies or develop new ones that align with consumer preferences. By listening to consumers and meeting their evolving needs, technological areas can experience further growth and innovation.

Answer 2

If these were the missing choices:

a) Consumers fill out questionnaires concerning their need for new products.

b) Consumers vote for politicians who decide which kind of research to support

c) Consumers decide what to buy and what not to buy

d) Consumers influence the decisions of private foundations by deciding where to donate money.

My answer would be: c) Consumers decide what to buy and what not to buy

Every growth is based on the demand of the people. If a good or service is needed then its demand will increase. If a good or service is not needed then its demand will decrease until such time that said good or service will be eliminated.