Which of the Following Technologies Is Least Likely to Help

question 9

Multiple Choice

Which of the following technologies is least likely to help companies to improve their competitiveness?

• A) automated robots
• B) electronic mail
• C) the Internet
• D) keypunch cards

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Definitions:

Labor Market

The market in which individuals offer their labor for employment and employers seek to hire labor.

Bilateral Monopoly

Market with only one seller and one buyer.

Bargaining Power

The relative capacity of parties in a negotiation to exert influence on each other, often influencing the terms and conditions of agreements.

Single Buyer

A market situation where there is only one buyer, or consumer, for a particular product or service, often leading to monopsony power.