When Personal Computers Were New, People Spent Considerable Time and Energy

question 101

Essay

When personal computers were new, people spent considerable time and energy learning about and investigating choices and options. Now, many consumers replace old computers with little research or investigation. In terms of types of products (specialty, shopping, convenience, and unsought goods), how have personal computers changed?

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Definitions:

Derivative Security

A financial instrument whose value is based on the value of an underlying asset, such as stocks, bonds, commodities, or market indexes.

American Put Option

A put option that gives the holder the right to sell an asset at a specified price anytime before the expiration date.

Exercise Price

The specified price on an option contract at which the option holder can buy or sell the underlying asset.

Netscape Stock

Represents the shares of Netscape Communications Corporation, a company once dominant in the web browser market before being acquired by AOL.