Sony's Playstation 4, Nintendo's Wii, and Microsoft's Xbox 360 Are

question 124

Multiple Choice

Sony's Playstation 4, Nintendo's Wii, and Microsoft's Xbox 360 are examples of:

• A)product forms.
• B)product lines.
• C)product families.
• D)product designs.

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Definitions:

Labor Productivity

A measure of economic performance that compares the amount of goods and services produced with the number of labor hours used to produce them.

Total Product

The total quantity of output produced by a firm over a given period as a function of input quantities while holding technology constant.

Recovery

Recovery refers to the process of improvement or healing, often used in economic contexts to denote the period following a recession during which economic activity resumes and grows.

Labor Productivity Growth

An increase in the amount of goods and services produced by one hour of labor.