Which of the Following Would Reduce the Supply of Microcomputers

question 22

Multiple Choice

Which of the following would reduce the supply of microcomputers?

• A) a technological improvement that lowers the cost of producing the computers
• B) higher wage rates for the workers that assemble the computers
• C) a reduction in the price of computer chips used to produce the computers
• D) a reduction in the price of computers.

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Definitions:

Entrepreneurial

Characterized by the willingness to start, manage, and assume the risks of a business or enterprise in order to make a profit.

Synergy

The cooperative interaction among groups or forces that creates an enhanced combined effect greater than the sum of their individual effects.

Strategic Planning

The process of defining an organization's strategy, or direction, and making decisions on allocating resources to pursue this strategy.

Long-term Goals

Objectives or targets that an organization or individual aims to achieve over an extended period, usually beyond one year.