Sudden technological changes can have the effect of makin...
Sudden technological changes can have the effect of making?
a company's management style ineffective
a company's product obsolete
the control mechanism difficult to implement
the motivational factors in the company difficult to monitor
Correct answer is B
Technological advances that improve production efficiency will shift a supply curve to the right. The cost of production goes down, and consumers will demand more of the product at lower prices. Computers, televisions and photographic equipment are good examples of the effects of technology on a supply curve. Changes in technology can affect the demand for different products or the demand for related products. It can increase the market for a product by increasing the demand for a new product and making an older product obsolete.
Goods are given utility by ...
A customer is granted an overdraft by the bank subject to his operating a? ...
Unlimited liability in business implies that the ...
Trade can be described as? ...
One of these is a current asset ...
The principle of subrogation in insurance means that? ...
In the contract of sale of goods,"let the buyer beware" is signified by? ...