The Market for Micro-Computers (PCs) Is Fairly Competitive, the Products

question 26

Multiple Choice

The market for micro-computers (PCs) is fairly competitive, the products are somewhat homogeneous, and, over time, firms have entered looking to make profits on new configurations of the micro-computer. Over time, profits:

• A) have risen dramatically.
• B) have stayed about the same for most firms.
• C) have become razor thin for many producers.
• D) are not important since this industry is in the nonprofit sector.

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Definitions:

Personally Meaningful

Pertaining to something that has significant importance or emotional relevance to an individual.

Cover Letter

A document sent with a job application explaining the applicant's credentials and interest in the open position.

Job Interview

A formal meeting between a job applicant and a potential employer to assess the applicant's qualifications and suitability for a position.

Human Resources

The department within an organization that deals with the employment, training, support, and management of its workforce.