The Introduction of New Technology and Changes in Organization Are

question 41

Multiple Choice

The introduction of new technology and changes in organization are:

• A)likely to shift the LRAC curve.
• B)unlikely to help in the short-run.
• C)likely to shift the SRAC upward.
• D)unlikely to affect a firm's cost curves in the long-run.

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Definitions:

International Markets

Marketplaces that extend beyond a country's borders, allowing businesses to trade goods and services across the globe.

Segment

In business, it refers to a part of a market or population grouped by similar characteristics or needs for targeted marketing or analysis.

Regional

Relating to or characteristic of a specific geographic area or territory within a country or across countries.

Social Media

Online platforms that enable users to create and share content or participate in social networking.