Apple Introduced Its IPhone 3G in July 2008 and Within

question 180

Multiple Choice

Apple introduced its iPhone 3G in July 2008 and within a month sales had topped 3 million units.By April 2009, more than 25,000 apps for the iPhone 3G were available in the iTunes store, an indication that in a competitive market,

• A)the ease at which a new firm can enter a competitive market is low.
• B)the ease at which a new firm can enter a competitive market is high.
• C)entry into the market is blocked.
• D)entry into the market is restricted in the short run, but becomes easier in the long run.

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Definitions:

Personnel Expenses

Costs associated with employee compensation, including wages, benefits, and payroll taxes.

Client-Visits

The instances when a service provider meets with their clients, either in person or virtually, for consultation or service delivery.

Planning Budget

A financial plan that estimates the revenue and expenses for an organization over a specific period, taking into account projected operations and initiatives.

Net Operating Income

A measure of a company's profitability from its regular business operations, excluding deductions for interest and taxes.