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The More Utility a Company Creates for Its Customers, the More

question 52

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The more utility a company creates for its customers, the more flexibility it has in determining prices.


Definitions:

Relevant Course Materials

Resource materials that are directly related to the content and objectives of a specific course.

Technological Determinism

Is the belief that technology is the main factor shaping human society and history.

Normal Accident

A theory suggesting that in complex systems, accidents are inevitable due to the intricate interactions among components.

Risk Society

A risk society is a society defined by the way risk is distributed as a side effect of technology.

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