A Method That Is Technologically Inefficient

question 196

Multiple Choice

A method that is technologically inefficient

• A) might or might not be economically efficient.
• B) can never be economically efficient.
• C) results from failure to calculate the ratio of the cost of labor to the cost of capital.
• D) means that it uses too much labor and too little capital.

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Definitions:

Target Markets

A specific group of consumers at which a company aims its products and services.

Portfolio Analysis

Portfolio analysis is the process of evaluating and managing a collection of investments, assets, or business units to optimize performance and align with strategic goals.

Target Market

A specific group of potential consumers towards which a company directs its marketing efforts and strategies to sell its products or services.

Competitive Superiority

The advantage that a company has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.