The Most Influential Technology of the Last Four Decades Has

question 9

Multiple Choice

The most influential technology of the last four decades has been

• A)the computer.
• B)nuclear energy.
• C)industrial robots.
• D)jet airplane transportation.
• E)the combustion engine.

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Definitions:

Situation Analysis

An assessment of an organization's current situation and external environment, used to identify strengths, weaknesses, opportunities, and threats (SWOT).

Market Conditions

The various factors and influences that affect the supply and demand of products or services within a market.

BCG Matrix

The BCG Matrix is a strategic business tool developed by the Boston Consulting Group to help organizations prioritize and manage their diverse product portfolio through categorization as stars, question marks, cash cows, or dogs based on market growth and market share.

Relative Market Share

A measure of a company's market share compared to its largest competitor, indicating competitiveness and market dominance.