A Factory Recently Added New Robots to Its Production Line,increasing

question 29

Multiple Choice

A factory recently added new robots to its production line,increasing productivity.This will likely cause a:

• A) rightward shift of the supply curve.
• B) leftward shift of the supply curve.
• C) shift downward of the supply curve.
• D) movement up along the supply curve.

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Definitions:

Environmental Scan

An analysis method that examines the internal and external environments of an organization to identify opportunities and threats.

External Environment

The external factors, including economic, legal, political, social, technological, and competitive elements, that influence an organization's operations.

Environmental Factor

An external element that can influence the performance and outcomes of an organization, including economic, social, technological, political, and natural conditions.

Legislation

A body of laws and regulations enacted by a government or legislative authority to regulate, authorize, sanction, grant, declare, or restrict.