Personal Computers Are Becoming Less Expensive as New Technology Reduces

question 134

Essay

Personal computers are becoming less expensive as new technology reduces the cost of production. In a supply and demand model, explain the effects of the technological innovations and their effect on the quantity of computers.

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Definitions:

Policies and Procedures

Are formal guidelines and rules established by an organization to regulate its operations and behavior within its workforce.

Control Function

A management activity that involves monitoring performance, comparing it with goals, and taking corrective action as needed.

Environmental and Behavioral Obstacles

Challenges or barriers arising from the physical setting or individual actions that hinder progress towards achieving a goal.

Formulating Strategies

The process of creating plans and actions that define the direction of an organization or individual to achieve specific goals.