The Adoption of Modern Technologies and Business Methods Have the Possibility

question 101

Multiple Choice

The adoption of modern technologies and business methods have the possibility to improve economic performance in a nation with low per capita income and low growth, but only if

• A) its natural resources are sufficient.
• B) its workers become educated rapidly enough.
• C) it improves its institutions, making them sound enough to attract capital and entrepreneurial activity.
• D) its government has enough skilled planners to properly deploy new capital.

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Definitions:

Capital Base

The amount of capital invested in a business by its owners plus any retained earnings, serving as the financial foundation for growth and operations.

Independent Contractor

A person who is not employed by a business and, unlike employees, is not eligible for a benefit package.

Customer Intimacy

Maintaining a long-term relationship with customers through superior service that results in a competitive advantage.

Market Analysis

The study of market conditions to identify opportunities, trends, and challenges, often involving competitors, customer demographics, and economic environments.