A Video Game Console Manufacturer Hired Scientists and Engineers to Work

question 54

Multiple Choice

A video game console manufacturer hired scientists and engineers to work on ways to improve the video cards used in their game systems. The main aim of the manufacturer was to enhance the utility of the products, as perceived by the customers, above that of its rivals. This company aims to:

• A) achieve superior innovation.
• B) maintain a low cost position.
• C) increase response time.
• D) achieve a greater division of labor.
• E) minimize the time to market.

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Definitions:

Growth of Imports

The increase in the volume or value of goods and services brought into one country from another over a specific period.

Unskilled Laborers

Workers who perform tasks that require minimal specialized training or education.

Unemployment

A situation where an individual who is capable of working and is actively seeking work is unable to find employment.

Income

The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as a profit from financial investments.