Which of the Following Is an Example of Positive Technological

question 26

Multiple Choice

Which of the following is an example of positive technological change?

• A)A firm offers workers a higher wage to work on weekends and at night. As a result, the firm is able to increase its weekly production of surf boards.
• B)A firm buys an additional machine that it uses to make surf boards. As a result, the firm is able to increase its weekly production of surf boards.
• C)A firm conducts a new advertising campaign. As a result, the demand for the firm's surf boards increases.
• D)A firm's workers participate in a training program designed to increase the number of surf boards they can produce per day.

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Definitions:

Exclusive Distribution

A distribution strategy where a product is available for sale through only one or a few selected retailers or channels.

Supply Chains

refer to the interconnected network of organizations, people, activities, information, and resources involved in supplying a product or service from supplier to customer.

Large Retailers

Retail businesses that operate on a large scale, typically having extensive networks of stores and considerable market presence.

Channel Functions

The activities and processes used to move goods from producers to consumers, including transportation, storage, and distribution.