Digital Technologies Are Increasing the Intensity of Competition in the Markets

question 27

Multiple Choice

Digital technologies are increasing the intensity of competition in the markets for electronic hardware because they are causing:

• A)Entry barriers to fall.
• B)Chinese companies that were once contract manufactures for Western and Japanese electronics producers are becoming direct competitors.
• C)Production costs to fall.
• D)The markets for once-separate products to converge.

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Definitions:

Selling Price

The amount a buyer pays to purchase a product or service from a seller.

Total Job Cost

The sum of all costs assigned to a specific job or project, including direct materials, direct labor, and applied manufacturing overhead.

Overhead Applied

The allocation of indirect costs to products, jobs, or activities based on a predetermined rate.

Job A496

A specific work order or project identifier used to track and manage a particular job within a company.