The Word Processor Brought More Perceived Value to the Market

question 76

Multiple Choice

The word processor brought more perceived value to the market and replaced the typewriter as the industry standard.Later,the word processor industry was undone by the computer industry which created even more value.This is an example of:

• A) The "ups and downs" of an economic cycle.
• B) A shortened industry life cycle.
• C) The positive and negative aspects of creative destruction.
• D) The effects of diversification.

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Definitions:

Safety Inventory

Additional stock kept to mitigate the risk of stockouts due to fluctuations in demand or supply lead times.

Cycle Inventory

Inventory that is held or processed in batches, cycling through the production and supply chain processes.

Retailers

Businesses or individuals that purchase goods from manufacturers or wholesalers to sell them directly to consumers.

Safety Inventory

Additional stock that is kept in reserve to protect against stockouts caused by variability in demand or supply.