The Technological Segment of Environmental Analysis Includes

question 118

Multiple Choice

The technological segment of environmental analysis includes

• A)institutions and activities involved with creating new knowledge and translating that knowledge into new outputs.
• B)the determination of when machinery will need to be replaced in a given firm.
• C)the need for new technology in order for a firm to gain a competitive advantage.
• D)places where a firm's technology will allow that firm to dominate a given market.

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Definitions:

Equilibrium

A state in a market or economy where supply equals demand, and there is no incentive for change under current conditions.

Coconuts

Often used in economic models and examples, referring to a simplistic commodity to illustrate principles of trade, investment, or resource allocation.

Equilibrium

A condition or state in which economic forces such as supply and demand are balanced, resulting in a stable market.

Coconuts

A large tropical fruit with a hard shell, edible white flesh, and clear liquid, often used in food and drink preparations.