Question

'The industries have undergone significant changes due to advancement in technology and shifts in consumer preferences'. Justify the statement.

Answer 1

1. The phrase accurately reflects the impact of shifting consumer tastes and technological improvements on industries globally.
2. Technology, such as automation, artificial intelligence, and digitisation, has revolutionised production processes.
3. This has resulted in more production and lower expenses. The sector must adapt to meet diverse needs as consumer expectations evolve towards convenience, customisation, and sustainability.
4. To remain competitive in shifting marketplaces, industries have adopted e-commerce, extended product offerings, and introduced sustainable practices. Consumer trends and technology play a crucial role in shaping global industrial landscapes.