Motorola Developed a Low-Cost Mobile Phone with Battery Life as Long

question 206

Multiple Choice

Motorola developed a low-cost mobile phone with battery life as long as 500 hours for rural villagers without regular electricity and an extra-loud volume for use in noisy markets.This phone,with a no-frills price of $40,is most likely targeted to people at the

• A)focal point of economic change.
• B)pivot point of economic growth.
• C)bottom of the pyramid.
• D)top of the pyramid.
• E)edge of global evolution.

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Definitions:

Market Pricing Relationship

A theoretical relationship that determines the price of goods or services in a market based on supply and demand, competition, and other economic factors.

Utility Points

A theoretical measurement used in economics and game theory to represent the amount of satisfaction or happiness an individual receives from a choice or outcome.

Ratio of Price

The proportional relationship between the price of one thing and another, used to compare their values.

Fairness

A concept reflecting impartial and just treatment or behavior without favoritism or discrimination.