Describe the various hardware components and provide examples
What will be an ideal response?
Hardware consists of electronic components and related gadgetry that input, process, output, and store data according to instructions encoded in computer programs or software. Processing devices include the central processing unit (CPU), which is also called the brain of the computer. The CPU works in conjunction with main memory. The CPU reads data and instructions from memory, and then stores the results of computations in main memory. Main memory is also called RAM, which stands for random access memory. Storage hardware saves data and programs. Magnetic disk is the most common storage device, although optical disks such as CDs and DVDs are also popular. Thumb drives are small, portable storage devices that can be used to back up data and transfer it from one computer to another.
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Tom is a habitual shopper at garage sales. Last Saturday he stopped at one where there were several types of used building materials for sale
At the low prices being asked, Tom knew that he could resell the items in another town for a substantial gain. Four things stood in his way: he could only make one round trip to resell the goods; his pickup truck bed would hold only 1000 pounds; the pickup truck bed could hold at most 70 cubic feet of merchandise; and he had only $200 cash with him. He wants to load his truck with the mix of materials that will yield the greatest profit when he resells them. Item Cubic feet per unit Price per unit Weight per unit Can resell for 2 × 4 studs 1 $0.10 5 pounds $0.80 4 × 8 plywood 3 $0.50 20 pounds $3.00 Concrete blocks 0.5 $0.25 10 pounds $0.75 Formulate this problem as a linear program.
Which one of the following is necessary if a firm is to maintain a competitive advantage?
A) winning consistently over the short term in a competitive situation B) charging a higher price than what competitors charge C) reproducing the successful actions of competitors D) providing products and services of a superior value than those of competitors