Describe how self-driving cars can threaten and disrupt established businesses
What will be an ideal response?
Self-driving cars have the potential to disrupt well-established industries. Self-driving cars may mean fewer cars on the road. Fewer cars on the road may mean fewer cars sold (transportation), fewer auto loans written (finance), fewer automobile insurance policies underwritten (insurance), and fewer parking lots (real estate). If they didn't have to drive, consumers might take more trips by car than by plane or train (transportation). The production of self-driving cars will mean more jobs for engineers, programmers, and systems designers. There will be more computer hardware, sensors, and cameras in the vehicle. Corporations may not completely see the far-reaching effects of self-driving cars on existing industries.
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In the long run, regardless of the effort put into the product management process, what is the most important factor determining if a consumer product will succeed or fail?
a. the marketing plan it selects for its products b. how well the manufacturer satisfies its customers' needs c. the way it implements its production strategy d. the competition encountered by the manufacturer
The repair of broken appliances is categorized as:
A. corrective maintenance B. preventive maintenance C. housekeeping D. functional maintenance