A Dominant Design Is Best Described As

question 50

Multiple Choice

A dominant design is best described as:

• A)A technical standard
• B)The product design chosen by the leading firm in an industry
• C)A common product architecture
• D)The culmination of the process of commodification that accompanies industry evolution

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Definitions:

Investment Projects

Initiatives undertaken by a business or individual involving the allocation of resources with the expectation of future benefits, such as profits or interest.

Profitability Index

Profitability Index (PI) is an investment appraisal technique that calculates the ratio between the present value of future cash flows and the initial investment cost, helping to determine the desirability of a project.

Cash Outflows

Money or funds leaving a business, typically for expenses, investments, or other payments.

Investment Projects

Initiatives or plans requiring capital investments aimed at generating future benefits or returns.