Dell Used __________ to Develop an Online Site to Generate

question 294

Multiple Choice

Dell used __________ to develop an online site to generate 13,464 ideas for new products and Web site and marketing improvements.

• A)braining storming
• B)data mining techniques
• C)crowdsourcing
• D)outsourcing
• E)cloud computing

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Definitions:

Expansion Path

A line that shows the combination of inputs that a firm will use to maximize output for any given level of total cost.

Isoquants

A curve representing all the combinations of factors of production that yield the same level of output.

Isocost Line

A graphical representation in economic theory showing all combinations of inputs which have the same total cost.

Price Of Labor

The cost of hiring workers or the wages that employers pay to their employees.