The Development of New Technology Typically

question 399

Multiple Choice

The development of new technology typically:

• A) shifts the supply curve to the right.
• B) reduces profits.
• C) results in a downward movement along a supply curve.
• D) increases costs of production.
• E) shifts the demand curve to the right.

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Definitions:

Workforce Downsizing

The reduction of an organization's employees to improve its efficiency and reduce costs, often resulting in layoffs.

Organizational Strategy

The comprehensive plan of action designed by an organization to achieve its overarching goals and create value.

Implementation Justification

The rationale and reasoning provided for proceeding with a particular project or strategy, highlighting the anticipated benefits and outcomes.

Multinational

A corporation that operates and has assets in more than one country, often managing production or delivering services in various international markets.