Business People Who Prefer to Ignore Technology and Leave Technology

question 20

Multiple Choice

Business people who prefer to ignore technology and leave technology knowledge strictly to the technology professionals are giving the (a) __________to others in the industry.

• A)competitive advantage
• B)appropriate timing
• C)information systems
• D)software edge
• E)customer management edge

Comprehend the concept of hedonic adaptation and its impact on emotional responses and happiness.

Identify the primary and secondary emotions and the role of intensity in emotional experiences.

Understand the relationship between cognitive interpretations and physiological responses in the experience of emotions.

Distinguish between innate and learned components of emotional responses.

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Definitions:

Monopolist

An individual or entity that has exclusive control over the supply of a particular good or service, enabling them to manipulate market prices.

Regulated

subject to rules, standards, and guidelines set by governing bodies to control activities, processes, or industries for safety, fairness, or efficiency.

Economic Efficiency

Economic efficiency is a state where resources are allocated in such a way that maximizes the production of goods and services at the lowest cost, thereby optimizing societal welfare.

Demand Conditions

The various factors that influence the quantity of a product or service that consumers are willing and able to purchase.