Question

conclusion for information technology project class 10
only genuine answers!!!

Answer 1

Conclusion

Information Technology helps businesses, governments, and individuals increase their efficiency and effectiveness.  Rapid improvements in hardware and processing ability forces consumers to purchase new, relevant technology.  On a market level, this rapid turnover creates demand.  From a firm's perspective however, this can result in a lower customer retention rate.  Regardless, organizations are continuing to demand innovative technological solutions, leaving room for new entrants, particularly those with a unique concept.  Firms who are able to find a niche market - or one with low competition - will find this industry attractive.  Barriers to entry remain high when entering existing markets though, therefore most potential entrants will find the overall industry unattractive