Web Applications Can Be Developed by Less-Skilled, Lesser-Paid Employees; They

question 7

Multiple Choice

Web applications can be developed by less-skilled, lesser-paid employees; they are considerably cheaper to develop than ________ applications.

• A) thin-client
• B) user-code
• C) remote
• D) native

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Definitions:

Concentration Ratio

An indicator of the percentage of an industry's market controlled by its biggest companies.

Leading Firms

Leading firms are companies at the forefront of their industries, often setting standards and trends for others to follow.

Perfect Competitor

an individual firm operating in a perfect competition market structure, which cannot influence the market price and produces a standard product.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically sloping downward from left to right.