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A(n) ___________ Technology Is a New Way of Doing Things

question 26

Short Answer

A(n) ___________ technology is a new way of doing things that initially does not meet the needs of existing customers.


Definitions:

Price

The cash amount projected, required, or delivered in settlement for something.

Total Revenue

Total revenue is the total amount of money earned by a firm from the sale of its goods and services before any costs are subtracted.

Demand Schedule

A table that lists the quantities of a good a consumer is willing to purchase at different price levels during a specific time period.

Total Revenues

The total amount of money generated from sales of products or services before any expenses are subtracted.

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