What Is the Main Technological Factor in the Rise of the Security

question 17

Multiple Choice

What is the main technological factor in the rise of the security state?

• A)Electricity
• B)The computer
• C)Mechanical automation
• D)International travel

Understand how market structure influences firm rivalry and profitability.

Learn strategies for managing supplier power and decreasing supplier influences.

Understand how competition affects producers and consumers differently.

Recognize the importance of creating and sustaining competitive advantages to capture value in a market.

---

Definitions:

Beer

An alcoholic beverage made from the fermentation of cereal grains, primarily barley, with water, hops, and yeast.

Price

The total money amount anticipated, required, or offered in exchange for an item.

Budget Constraint

An economic model that represents all the combinations of goods and services that a consumer can afford, given current prices within his or her income level.

Opportunity Set

In finance and economics, the range of choices available to investors and consumers, including different combinations of goods, services, or assets that can be chosen for investment or consumption.