There Is a Technological Advance in the Production of Digital

question 290

Multiple Choice

There is a technological advance in the production of digital watches. This will cause:

• A) demand to increase.
• B) supply to increase.
• C) demand to decrease.
• D) supply to decrease.
• E) the price to increase.

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Definitions:

Stakeholder Representatives

Individuals or groups who act on behalf of the interests of stakeholders in a company or project, ensuring their voices are heard in decision-making processes.

Boards of Directors

The group of individuals elected by shareholders to oversee the management and direction of a corporation.

Life Cycle

The series of stages that an organism, product, or system goes through from its inception to its termination or end.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including potential customers and competitors.