How Technology Market Development : To Developing Countries

John Lok

ISBN 13: 9798885910231

Published by Notion Press, 2022

About this Item

nach der Bestellung gedruckt Neuware - Printed after ordering - This book explains what factors can be sudden to influence some countries people feel high technological products demand. I shall indicate Afica is one developing country, how cultural improvement factor can influence many African feel more needs to buy different kinds of high technological products to use to satisfy their living needs.This book uses a descriptive methodology of system analysis to explain whether technology is needed on economic progress or not, and whether technological innovation can raise efficiency and more productivity to all industries or not, even encourages consumer behaviors. The only solution for raising productivity and efficiency, who are losing out in the race is investment in all its forms, in both equipment and people. This analysis will be of interest to all those faced with economic decisions: engineers, managers, scientists and administrators as well as economists need to learn how to use technology to solve low efficiency and low productivity challenges. When any industries can apply technology to raise productivities, whether it will increase to supply any products to satisfy consumer demand as well as improve marketing development to any customers when they can attempt to sell any kinds of products to use in any time. So, I feel that technological innovation can bring direct positive relationsip to encourage consumer buying behaviours easily.

Seller Inventory # 9798885910231

Bibliographic Details

• Title: How Technology Market Development : To Developing Countries
• Publisher: Notion Press
• Publication Date: 2022
• Language: English
• ISBN 13: 9798885910231
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 229W x 152H x 9D millimeters 229 millimeters width by 152 millimeters height by 9 millimeters depth
• Weight: 251 grams

About this title

Synopsis

The analytical framework provided by my suggests that the relationship between technology and purchasing decisions is governed by the principle of "frictionless acquisition." As technology advances, the cost of searching for product information-what economists refer to as "search costs"-approaches zero.

My view notes that this reduction in search costs leads to a higher elasticity of demand, as consumers can instantly compare prices, features, and peer reviews across vast digital networks. This phenomenon is supported by foundational economic theory, which suggests that when consumers possess perfect or near-perfect information, market efficiency increases, forcing firms to compete more aggressively on quality and value rather than just brand recognition or localized availability.

Furthermore, my view explores the psychological dimension of this relationship, noting that algorithmic personalization-driven by big data and machine learning-creates a feedback loop that influences consumer preferences before a purchase is even initiated.This aligns with broader academic research suggesting that predictive analytics allow firms to anticipate consumer needs, thereby narrowing the choice architecture and nudging the consumer toward specific purchasing outcomes.[

MY view argues that this represents a fundamental shift in the power dynamic between the buyer and the seller, where the "choice" is increasingly curated by the underlying technological architecture of the platform.