Unfortunately, Many Managers Consider Smart Phones as Only _____, Rather

question 85

Multiple Choice

Unfortunately, many managers consider smart phones as only _____, rather than as _____ that can transmit wirelessly.

• A) Phones, digital cameras
• B) Phones, pagers
• C) Digital cameras, phones
• D) Digital cameras, pagers
• E) Cheap, expensive devices

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost compared to other producers.

Production Possibilities Frontier (PPF)

The Production Possibilities Frontier (PPF) is a curve depicting all maximum output possibilities for two goods, given a set of inputs.

Export

The selling of goods or services produced in one country to buyers in other countries.

Comparative Advantage

The principle that a country, individual, or firm can produce a particular good or service at a lower opportunity cost than competitors, leading to advantageous trade.