Technology Can Provide Innovative Solutions to Consumer Products,but They Often

question 28

Multiple Choice

Technology can provide innovative solutions to consumer products,but they often mean increased costs.For example,airlines could use radio frequency identification (RFID) to track luggage,which would lead to fewer lost luggage problems and more satisfied customers.The airlines that adopt this kind of innovation could:

• A)gain a sustainable competitive advantage.
• B)force other airlines to increase their fares while reducing their own.
• C)avoid other attempts at modernizing their fleets.
• D)become preferred airlines under the International Air Transport Association.
• E)None of these.

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Definitions:

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives.

Regulations

Rules or directives made and maintained by an authority to regulate behavior, ensuring standards are met within industries, communities, or systems.

Concentration of Effect

The degree to which outcomes are focused and intense in a specific area or aspect.

Moral Intelligence

The capacity to understand right from wrong, make ethical decisions, and demonstrate integrity in one’s actions and judgments.