Major Technological Breakthroughs in the Development of Computers Increased Supply

question 10

Multiple Choice

Major technological breakthroughs in the development of computers increased supply and quality. In response, prices of computers:

• A) varied too widely for a price pattern to emerge.
• B) increased until computers were too expensive to buy.
• C) fell.
• D) rose slightly.

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Definitions:

Convenience

The quality or state of being convenient, especially in terms of ease of access or use, often used in marketing to describe consumer products or services.

Cash Handling Procedures

Guidelines and methods a company follows to manage and safeguard the cash it receives and disburses.

Accounts Payable

The amount of money owed by a company to its creditors for goods or services that have been delivered or used but not yet paid for.