Ethan Nicholas, Who Developed the IShoot Application for the IPhone

question 63

Multiple Choice

Ethan Nicholas, who developed the iShoot application for the iPhone 3G, found that to maintain sales in a profitable competitive market, the price of a product

• A) will usually rise.
• B) will usually fall.
• C) will usually remain stable.
• D) will eventually fall to zero.

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Definitions:

Incremental Cash Flow

The additional cash flow a business expects to generate from a particular investment or decision.

Annual Salary

The amount of money a person earns from their job in a year.

Contractual Obligation

A legal duty established by a contract between parties, enforceable by law.