Implementation of IBM's "Smarter Planet" Strategy Has Resulted in All

question 20

Multiple Choice

Implementation of IBM's "Smarter Planet" strategy has resulted in all of the following EXCEPT:

• A) a reduction in supply chain costs and inventory levels for retailers.
• B) a reduction in traffic delays through coordinated signals.
• C) a reduction in power usage for consumers using smart meters.
• D) a reduction in crime.
• E) a reduction in wasted coverage for advertising messages.

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Definitions:

MU/P

Marginal Utility per Price, a concept in economics that represents the additional utility or satisfaction obtained per unit of expenditure.

Consumer Behavior

The examination of the ways in which individuals, groups, and entities choose, purchase, utilize, and discard products, services, ideas, or experiences to fulfill their wants and needs.

Marginal Utility

The change in satisfaction or utility a consumer receives from consuming an additional unit of a good or service.

Utility-maximizing

The economic principle that individuals or firms seek to get the highest satisfaction or profit from their resources and choices.