Path-Dependency Refers to Resources That Arise from a

question 13

Multiple Choice

Path-dependency refers to resources that arise from a

• A) competitive price war
• B) series of events occurring over time
• C) patent infringement
• D) change in government policy

---

Definitions:

Retail Clothing Store

A business establishment that purchases clothing from manufacturers or wholesalers and sells these directly to consumers.

Product

Anything that can be offered to a market that might satisfy a want or need, including physical goods, services, and experiences.

Period

A length of time during which a series of events or an action takes place or is completed.

Absorption Costing

A cost calculation method within accounting that assimilates all expenses incurred during manufacturing, covering direct materials, direct labor costs, and all overheads, whether fixed or variable, into the product’s price.