Which of the Following Is an Advantage of Technology Trading

question 70

Multiple Choice

Which of the following is an advantage of technology trading?

• A) It helps a firm speed up its learning curve.
• B) It enables a firm to gain control and ownership over desired technology.
• C) It enables a firm to adopt the trial-and-error approach to using technologies.
• D) It helps a firm gain easy access to new technology as all industries willingly share information.
• E) It helps a firm gain competitive advantage in its industry.

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Definitions:

Budget Constraint

A concept in economics that represents all the combinations of goods and services that a consumer may purchase given current prices and their income level.

Price

The cost of buying a product or service, typically influenced by the balance of supply and demand.

Budget Constraint

The limits imposed on household or individual choices by income, wealth, and product prices, dictating the combination of goods and services that can be purchased.

Price

The cost associated with acquiring a good, service, or asset.