A Machine That Accepts Input, Processes and Stores Data, and Produces

question 36

Multiple Choice

A machine that accepts input, processes and stores data, and produces output is called a(n) ____.

• A) computer
• B) device
• C) word processor
• D) PC

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Definitions:

Fast-Second Strategy

Fast-Second Strategy is a business approach where a company quickly follows innovators, improving upon their innovations or successfully commercializing them.

Dominant Firm

A company that has a large market share within its industry, giving it significant market power and the ability to influence market conditions.

New Product Innovation

The process of bringing a new product or service to the market, aiming to meet customer needs or open new markets.

Copies

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