Techno Inc

question 50

Multiple Choice

Techno Inc.is a computer hardware company that gets its computer parts from countries that manufacture them for lesser price than what its competitors pay and at a better quality.This allows Techno to save on the prices paid for the raw materials and use them to increase its production volume.Which of the following is Techno Inc.practicing in order to attain cost advantage?

• A)Transportation rates
• B)Raw material rates
• C)Exchange rates
• D)Wage rates

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Definitions:

Direct Request

A straightforward form of communication where an individual asks for what they need or want clearly and explicitly.

Social Pressure

is the influence exerted by society or a social group on an individual to conform to group norms or behaviors.

Groupthink

A psychological phenomenon that occurs within a group of people, where desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Social Psychologists

Scientists who study how individuals think, influence, and relate to one another in social contexts.