High-Tech Sales Support Offices Are No Longer Needed Because of the Technology

question 107

True/False

High-tech sales support offices are no longer needed because of the technology associate with laptop computers.

---

Definitions:

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, identical products, no barriers to entry or exit, and perfect information, leading to price takers.

Average Total Cost

The sum of all production expenses divided by the amount of goods produced.

Perfectly Competitive

A market structure where many firms offer products that are similar and entry into the market is relatively easy.

Market Price

The present cost at which a product or service is available for purchase or sale in a specific market.