ITunes Software Is Often Credited for the Success of the Apple

question 86

True/False

iTunes software is often credited for the success of the Apple iPod MP3 player,because it made the iPod easier to use than competing players.This is an example of a sustainable competitive advantage.

---

Definitions:

Federal Gasoline Tax

A tax imposed by the federal government on the sale of gasoline, used primarily to fund transportation infrastructure projects like highways and bridges.

Substitutes

Products or services that can replace each other in use, such that an increase in the price of one leads to an increase in the demand for the other.

General Equilibrium

A condition in economics where supply and demand are balanced across all markets in the economy simultaneously.

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity supplied for a given period.