Newsweek Enhances Its Visibility to Readers by Making Its Magazine

question 149

Multiple Choice

Newsweek enhances its visibility to readers by making its magazine available on the Internet.Newsweek is capitalizing on which environmental force?

• A) Economic
• B) Competitive
• C) Political
• D) Legal and regulatory
• E) Technological

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Definitions:

Competitive Level

The point where an entity can effectively compete in the market, usually by matching or surpassing competitors' offerings.

Consumer Surplus

The gap between the total price consumers are ready and able to pay for a good or service versus what they actually spend.

Producer Surplus

The difference between the amount a producer is willing to accept for a good or service versus what they actually receive, usually resulting from market prices above minimum selling prices.

Deadweight Loss

The loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved, leading to a loss of total welfare or economic surplus.