When a Market May Require a Drastically Simplified Version of the Firm's

question 32

Multiple Choice

When a market may require a drastically simplified version of the firm's product due to lack of purchasing power or usage conditions, this is known as:

• A) supplementing.
• B) backward innovation.
• C) new narrowcasting.
• D) lightening rod.

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Definitions:

Abiotic Factors

Non-living chemical and physical parts of the environment that affect living organisms and the functioning of ecosystems.

Ecosystem

A biological community of interacting organisms and their physical environment.

Primary Consumers

Organisms that feed on primary producers; they are usually herbivores that eat plants and algae.

Green Plants

Photosynthetic, plant organisms that contain chlorophyll and produce oxygen as a byproduct of photosynthesis.