Apple Launched Its Revolutionary Apple Watch in 2015 as the First

question 125

Multiple Choice

Apple launched its revolutionary Apple watch in 2015 as the first wearable technology that used a multi-touch user interface.The wearable technologies market grew at a rate of more than 100 percent in 2015.Apple sales were substantial despite a relatively high price and short battery life.The Apple watch entered the market as a

• A)question mark.
• B)raptor.
• C)hedgehog.
• D)cash cow.
• E)dog.

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Definitions:

Monopoly

Market situation in which a single seller dominates trade in a good or service for which buyers can find no close substitutes.

Less-developed Countries

Nations with a lower standard of living, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.

Lucrative Market

A market segment in which a company can generate substantial profits due to high demand or superior positioning.

International Trade

The exchange of goods and services between countries, which can involve imports, exports, and the balance of trade.