A Firm Has Successfully Adopted a Positive Technological Change When

question 314

Multiple Choice

A firm has successfully adopted a positive technological change when

• A)it can produce more output using the same inputs.
• B)it produces less pollution in its production process.
• C)it can pay its workers less yet increase its output.
• D)it sees an increase in worker productivity.

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Definitions:

Brand and Reputation

The perception and recognition of a company or product based on qualities, values, and performance, significantly influencing consumer behavior and corporate success.

Brand and Reputation

The distinct identity and public perception of a company or product, shaped by consumer experiences, advertising, and media.

Short-termism

The focus on achieving immediate results or gains, often at the expense of long-term objectives or sustainability.

Sustainability

The practice of meeting current needs without compromising the ability of future generations to meet theirs, often focusing on environmental conservation and resource management.