Greg Provenzo Owns and Runs a Blockbuster Video Store

question 100

Multiple Choice

Greg Provenzo owns and runs a Blockbuster video store.Greg is implementing a drive-thru rental process that is the same as you would find at a fast-food restaurant.Customers can pick up and drop off their videos without leaving their cars.Greg's new system has become so popular that Videos Plus,a competitor down the street,is attempting to re-create Greg's video drive-thru rental process.Greg's system is an example of a _________.

• A) Supply chain power.
• B) First-mover advantage.
• C) Business processing strategy.
• D) Business Intelligence.

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Definitions:

Spending Multiplier

The spending multiplier is an economic concept that measures the effect of a change in autonomous spending (such as government expenditure or investment) on the total economic output.

Potential Output

Potential Output refers to the highest level of goods and services an economy can produce sustainably, without triggering inflation.

Government Securities

Government-issued securities designed to fund government spending while providing investors with a profit.

Discount Rate

The interest rate charged by central banks on loans they provide to commercial banks, influencing monetary policy and the money supply.