Recently Apple Computer Developed Apple's New ITunes Music Store, Which

question 198

Multiple Choice

Recently Apple Computer developed Apple's new iTunes Music Store, which offers more than 200,000 songs from five major record labels, for use with Apple's iPod and iMac. More than a million songs were downloaded the first week alone! In economic terms, CEO Tim Cook helped convert capital and labor inputs into products consumers use. Any activity that results in the conversion of resources into products that can be used in consumption is

• A) not profitable.
• B) a start up venture.
• C) demand.
• D) production.

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Definitions:

Title

A legal term referring to the rightful ownership of property, including rights of possession, use, and transfer.

Identified

Recognized or distinguished as being a particular entity or belonging to a specific category or group.

Contract

An agreement between two or more parties that is binding by law and involves reciprocal obligations.

Warehouser

A person or company engaged in the storage, handling, and management of goods in a warehouse.