What Can New Technology Result In

question 26

Multiple Choice

What can new technology result in?

• A) lower quality of existing products
• B) lower availability of customer service
• C) reduced prices through new production methods
• D) return of products that were once considered obsolete

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Definitions:

Job Requirements

The necessary skills, qualifications, and experience required for a specific job position.

Quantitative Model

A representation of a real situation in numerical terms, often used to forecast future behavior, outcomes, or trends based on historical data.

Qualitative Model

A framework for analysis that uses non-numeric data to understand patterns, concepts, opinions, or experiences.

Demand Forecast

The estimation of the quantity of a product or service that consumers will purchase in the foreseeable future.