What Is the Process of Learning from Ecosystems and Adapting

question 5

Multiple Choice

What is the process of learning from ecosystems and adapting their characteristics to human and organisation situations?

• A)Data collection
• B)Artificial intelligence
• C)Biomimicry
• D)Intelligent system

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.

Price Taker

An entity in a market that has no control over the prices at which it buys or sells goods, typically because it is too small to influence market prices.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various price levels.

Total Revenue

The overall amount of money generated from sales of goods or services, calculated as quantity sold times price per unit.