Apple Relies on Innovative Design in Products Such as the IPad

question 101

Multiple Choice

Apple relies on innovative design in products such as the iPad and iPod to create a ________ for customers.

• A)differential benefit
• B)value chain
• C)marketing concept
• D)service
• E)promotion

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Definitions:

Gross Investment

The total amount of investment spent on new fixed investment plus replacement investment, without accounting for depreciation.

Net Investment

The total amount invested in buying new capital and replacing depreciated capital within a specific period.

Potential Output

The highest level of real GDP that can be sustained over the long term without increasing inflation, reflecting the maximum productive capacity of an economy.

Labor Force

The total number of people who are employed and unemployed but seeking work within an economy.