Apple and Microsoft Are Open to New Ideas,relentlessly Pursue New

question 116

Multiple Choice

Apple and Microsoft are open to new ideas,relentlessly pursue new solutions,and work to get new products to market quickly.They serve customers who want state-of-the-art products and services,regardless of the costs in terms of price or inconvenience.These companies are offering what value discipline?

• A) operational excellence
• B) customer intimacy
• C) product leadership
• D) promotional innovation
• E) differentiation

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Definitions:

Deadweight Loss

The drop in economic efficiency due to the inability or failure of a good or service to reach its equilibrium state.

Government Revenue

The total income received by the government from taxes, fees, and non-tax sources like government-owned enterprises and foreign aid.

Tax Rate

The share of an individual's or corporation's income that is subject to taxation.

Deadweight Loss

A loss in total economic welfare that occurs when the free market equilibrium for a good or a service is not achieved, typically due to taxes, subsidies, or market controls.