In the Long Run,changing Technology on Average Has Led To

question 105

Multiple Choice

In the long run,changing technology on average has led to:

• A)lower employment and lower wage rates.
• B)higher employment and lower wage rates.
• C)lower employment with wage rates unchanged.
• D)higher employment with wage rates unchanged.
• E)higher incomes and more leisure time.

---

Definitions:

Strategic Plans

A blueprint designed to guide an organization towards achieving its long-term goals and objectives.

Revenue Analysis

The process of reviewing and analyzing a company's income from its operations to understand the sources of its income and how it is generated.

Internal Weaknesses

Flaws or limitations within an organization that can impede its effectiveness or competitiveness.

Competitive Intelligence

The systematic gathering, analysis, and application of information about competitors, market trends, and the external business environment to support strategic decision-making.