Before the DVD,the VCR Was a Popular Format for Taping

question 82

Multiple Choice

Before the DVD,the VCR was a popular format for taping and replaying video.When the DVD was introduced,which of the following most accurately describes the long-run adjustment process in the VCR industry?

• A) Costs increased, price increased, demand decreased, quantity decreased, profit decreased.
• B) Demand increased, costs increased, price increased, quantity increased, profit decreased.
• C) Demand decreased, quantity decreased, price decreased, profit decreased.
• D) Demand decreased, price decreased, quantity decreased, profit decreased.

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Definitions:

Performance Appraisals

The systematic evaluation of the performance of employees and to understand the abilities of a person for further growth and development.

Situational

Relating to or depending on current circumstances, conditions, or situations that can influence the decision-making process or outcome.

Employment Testing

The practice of administering tests to job applicants or employees to assess their suitability for specific roles or tasks.

Job Skills Test

An examination designed to measure a person's abilities and competencies in a specific role or profession.