Unidice, an Information Technology Firm, Recently Installed a New Data

question 105

Multiple Choice

Unidice, an information technology firm, recently installed a new data system that provides seamless access to data. This data system has a higher storage capacity and processing speed than other data systems available in the market. Although the data system can be acquired by other companies in the future, it has presently enabled Unidice to process its data faster and in a more economical manner than its competitors. It is evident that Unidice has achieved _____.

• A) competitive inertia
• B) first-mover advantage
• C) vertical integration
• D) quality assurance

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Definitions:

Perfectly Inelastic

A market scenario where a change in price does not affect the quantity demanded or supplied, often represented with a vertical demand or supply curve.

Demand Curve

An illustrated chart that represents how the price of a good or service affects its demand within a certain period.

Trimalleolar Fracture

A type of ankle fracture that involves all three malleoli of the ankle bones.

Displaced

Refers to something forcefully moved or put out of its usual or proper place, often used in medical contexts, like bone fractures.