A Technical Standard Tends to Emerge in an Industry If

question 21

Multiple Choice

A technical standard tends to emerge in an industry if:

• A)Economies of scale are present
• B)The industry has converged around a dominant design
• C)The industry is subject to economies of learning
• D)Network effects exist

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Definitions:

Year 1

Refers to the first year in a given context, often used in financial projections, company performance analysis, or product lifecycle evaluation.

Absorption Costing

This accounting approach involves including every manufacturing expense, such as direct materials, direct labor, and both fixed and variable overheads, in the product's final price.

Unit Product Cost

The total cost (direct materials, direct labor, and overhead) associated with producing one unit of a product.

Year 1

Typically refers to the first year of operation, reporting, or analysis in a specific context.