The Technology Change in the Manufacturing Process of New Ideas

question 34

Multiple Choice

The technology change in the manufacturing process of New Ideas, Inc.'s products to make the process more efficient is the result of a competitor lowering its price. Therefore, it was a(n) ________.

• A) external force of change
• B) internal force of change
• C) marketplace force of change
• D) economic force of change

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Definitions:

Whig Party

A political party in the United States that was active between the 1830s and the 1850s, opposing the policies of Andrew Jackson and advocating for federal government support of a more diversified economy.

Republican Party

One of the two major contemporary political parties in the United States, traditionally supporting pro-business, conservative, and right-leaning policies.

Democratic Party

A major political party in the United States that historically has advocated for social welfare, civil rights, and governmental intervention in the economy to promote social justice.

Economic Opportunities

Prospects or chances for individuals or businesses to grow financially, commonly measured by income, employment possibilities, and market potential.