Which of the Following Is the First Consideration in Developing

question 71

Multiple Choice

Which of the following is the first consideration in developing a strategy around technological innovation?

• A)organizational suitability
• B)market potential
• C)technological feasibility
• D)economic viability
• E)political barriers

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Definitions:

Price Ceiling

A government-imposed maximum price that can be charged for a good or service, intended to protect consumers.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials that can be refined to produce usable products such as gasoline, diesel, and various forms of petrochemicals.

Price Control

Government-imposed limits on the prices that can be charged for goods and services in a market, usually to curb inflation or protect consumers.

Price Ceiling

A legal maximum price that can be charged for a good or service.