According to the Resource-Based View of Information Technology, What Are

question 85

Essay

According to the resource-based view of information technology, what are the three critical issues that companies need to address in order to sustain a competitive advantage through information technology?

Understand the definitions and characteristics of inferior goods, normal goods, substitute goods, and complementary goods.

Identify factors that shift demand and supply curves, including income changes, price expectations, and changes in tastes.

Analyze the effects of price changes on demand and supply, including movements along and shifts of curves.

Comprehend the impact of changes in related goods' prices (substitutes and complements) on the demand for a good.

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Definitions:

Electromyography

A diagnostic procedure to assess the health of muscles and the nerve cells that control them (motor neurons) by measuring electrical activity.

Muscle Activity

The physical action or movement produced by the contraction of muscles.

Brain-Wave Activity

The patterns of electrical activity in the brain, measurable by EEG, associated with different states of consciousness.

Restless Legs Syndrome

A neurological disorder characterized by an uncontrollable urge to move the legs, usually due to uncomfortable sensations.