When Nintendo Crescendo,an Electronics Company,develops and Markets the Wii Gaming

question 32

Multiple Choice

When Nintendo Crescendo,an electronics company,develops and markets the Wii gaming system,it is an opportunity that has arisen from a ________.

• A)new product or service
• B)new geographical market
• C)new method of production
• D)new raw material
• E)new method of organizing

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Definitions:

Factors Of Production

The four economic resources: land, labor, capital, and entrepreneurial ability.

Economic Systems

The structure and methods by which a society allocates resources and distributes goods and services among its population.

Business Risk

The potential for financial loss or failure in the operation of a company due to factors like market conditions, regulatory changes, or operational challenges.

Market System

An economic model where investment, production, and distribution decisions are influenced by supply and demand, with the prices of goods and services being set in a free pricing system.