BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The television was the first medium of communication to be invented
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Businesses that retain their old practices in the face of new technology tend to flourish
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The telegraph had a greater effect on commerce as compared to the Internet or mobile phones
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Improvements in communication have been slow to influence the expansion of trade
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Each new communications technology has spawned new business models
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Detailed explanation-1: -what describes the role of communication infrastructures as a part of international commerce? Each new communications technology has spawned new business models.
Detailed explanation-2: -The infrastructure that most obviously affects the movement of goods internationally is the communications infrastructure. As the size of ships has increased, ports have been challenged in keeping up with their ability to handle them. Because work in modern ports goes so fast, there is no need for warehousing space.
Detailed explanation-3: -The balance of payments is a statistical statement that summarizes transactions between residents and nonresidents during a period. It consists of the goods and services account, the primary income account, the secondary income account, the capital account, and the financial account.
Detailed explanation-4: -The Basel Convention is mainly concerned in reducing the production of toxic waste, and the transfer of such wastes between countries (especially from developed countries to less developed countries).