Asked by Amanuel Mengistab on Jun 09, 2024
Verified
If the company plans to produce 5000 units of output,is using the competitor's technology a good idea?
A) Yes
B) No
C) It does not matter,at 5000 units you are indifferent between the two technologies
D) None of the above
Competitor's Technology
The technological tools, innovations, or systems used by competing businesses within the same industry.
Produce
To create or manufacture goods or services for sale.
Units
Basic quantities or measurements, such as pieces, meters, kilograms, used to specify an amount of something.
- Ascertain the determinants that affect the decision-making process between diverse technologies or business strategies with a focus on cost analysis.
Verified Answer
MH
Maddy HallimanJun 14, 2024
Final Answer :
B
Explanation :
Without further information, we cannot determine whether using the competitor's technology is a good idea or not. It will depend on the cost and quality of the technology in comparison to other options. Therefore, we cannot choose option A or C. Option D is not a valid choice.
Learning Objectives
- Ascertain the determinants that affect the decision-making process between diverse technologies or business strategies with a focus on cost analysis.