Apple Computer Is More Likely to Continue to Use Input

question 69

Multiple Choice

Apple Computer is more likely to continue to use input markets rather than manufacture its own inputs internally when

• A)the quality of inputs is difficult to determine
• B)switching among input suppliers is easy
• C)there are very few firms producing the input
• D)the input is difficult to identify and define
• E)transaction costs go up

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Definitions:

Contact Metamorphism

Metamorphism resulting from heat and pressure in rocks when they are invaded by magma.

Unconformity

An interface between distinct groups of strata that shows a phase of erosion or no sediment accumulation.

Desert Varnish

A thin, dark film or coating of iron and manganese oxides, silica, and other materials; formed by prolonged exposure at the surface; synonym rock varnish.

Desert Pavement

A natural concentration of pebbles and other rock fragments that mantle a desert surface of low relief.