If You Buy a Lot of Apps for Your Current

question 124

Multiple Choice

If you buy a lot of apps for your current iPad, and in a few years another device comes out that is superior to it, why might you upgrade to a newer iPad instead of switching?

• A) You don't want to pay to have your Apple tattoo removed.
• B) You have invested in several apps for the iPad that you would have to repurchase for the new platform.
• C) None of the same applications is available on the new platform.
• D) You prefer the iPad's higher price.

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Definitions:

Investment Opportunity

Investment Opportunity is a term used to describe a business, project, or asset that has the potential to generate significant financial returns or profits.

Minimum Required Rate

The lowest acceptable rate of return on an investment, set by the investor.

Throughput Time

The total amount of time it takes for a product to move through the entire production process, from start to finish.

Manufacturing Cycle Efficiency

A measure of the effectiveness of a production process, calculated as the productive manufacturing time divided by the total cycle time.