Apple's decision in 2002 to focus on developing a smartphone rather than a tablet computer exemplifies the
A)refusal of firms to invest in more than one project where unlimited resources are involved.
B)refusal of firms to invest in more than one project where limited resources are involved.
C)trade-off that firms face due to unlimited resources.
D)trade-off that firms face due to limited resources.

Question

Quizplus · Accepted Answer

This decision exemplifies the trade-off that firms face due to limited resources, as Apple chose to prioritize the development of a smartphone over a tablet computer despite having the ability to invest in multiple projects. The resources (time, money, manpower, etc.) required to develop both products simultaneously were likely limited, leading to the need for prioritization and trade-offs between projects.

Apple's Decision in 2002 to Focus on Developing a Smartphone