Japanese Customer's Sophisticated Knowledge of Cameras Created Pressure for Innovation

question 16

Multiple Choice

Japanese customer's sophisticated knowledge of cameras created pressure for innovation and quality that stimulated the Japanese camera industry to improve product quality and introduce innovative models. This is an example of which of the following attributes?

• A) Factor endowments
• B) Local demand conditions
• C) Related and supporting industries
• D) Firm strategy, structure, and rivalry
• E) Using the framework
• ​

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Definitions:

Appraised Value

The estimated monetary value of an asset determined by a professional appraiser at a specific point in time.

Depreciated

Refers to the reduction in the recorded value of an asset over time due to wear and tear, obsolescence, or age.

Equipment

Tangible assets used in operations, such as machinery or office hardware, that play a key role in business operations and productivity.

Allowance for Repairs

A reserve of funds set aside by a company to cover anticipated repair costs for its assets.