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LaserTech Is a Manufacturer of Industrial Lasers and Has Developed

question 10

Multiple Choice

LaserTech is a manufacturer of industrial lasers and has developed a new, patented technology that allows its customers to manufacture their products more precisely with a higher level of consistency and at a lower cost than they could previously. LaserTech's executives believe that no rivals have a similar technology and that it would be very difficult for rivals to copy this technology since the benefits of the new technology can only be realized within LaserTech's system, which includes processes that are protected by trade secrets, making it difficult for rivals to understand the relationship between the company's new technology and its competitive advantage.
-If LaserTech's new technological development were due to proprietary investments the company made when it was first founded twenty years ago, this would be an example of

Understand the relevance and irrelevance of reasons in supporting claims.

Recognize the evaluative language used to describe the quality of arguments and argument makers.

Realize the importance of critical thinking in assessing arguments.

Understand the process and significance of reason giving in argument making.

Definitions:

Microchips

Microchips are small semiconductor devices containing integrated circuits used in a wide range of electronic devices to perform computational or control functions.

Tires

Rubber components mounted on wheel rims, providing traction and absorbing shocks from the road surface for vehicles.

Absolute Advantage

The ability of an individual, company, or nation to produce a good or service more efficiently than competitors, using the same amount of resources.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than its competitors, underpinning international trade benefits.