Consider the Significant Costs to the Innovators and Developers of 3D

question 19

Multiple Choice

Consider the significant costs to the innovators and developers of 3D printing technology.Modern growth theory suggests that

• A)there will be decreasing marginal returns to this investment.
• B)there will be constant returns to this investment.
• C)there will be increasing marginal returns to this investment.
• D)follower firms will face higher costs than the pioneer firms.
• E)the knowledge acquired in this innovation process will remain private.

Analyze the strategies and outcomes of unionization efforts and collective bargaining processes.

Comprehend the legal framework governing union activities, including strikes, boycotts, and picketing.

Evaluate the effects of right-to-work laws on employment, union membership, and labor rights.

Assess the impact of significant labor relations cases, such as NLRB v. Jones and Laughlin Steel Corporation.

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Definitions:

Backward Integration

A business strategy where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain, gaining control over suppliers or production.

Horizontal Integration

A strategy used by businesses to increase their market share by acquiring or merging with competitors operating at the same level of the supply chain.

Supply-Chain Strategy

Planning and management of all activities involved in sourcing, procurement, and logistics management activities.

Vertical Integration

The expansion of a company's operations into different stages of production within the same industry, usually to increase control over the supply chain.