Thomas, an entrepreneur and inventor, developed new software to help retail stores manage their supply chain effectively. He was able to successfully sell his software to the retail industry. However, certain unscrupulous organizations began producing cheaper versions of the software. This lowered the popularity of the original version. In this case, ________ is affected by the knock-offs.
A) organizational suitability
B) technological feasibility
C) economic viability
D) capability development
E) social adaptability

Question

Quizplus · Accepted Answer

Economic viability refers to the ability of a product or service to generate sufficient revenue to cover its costs and provide a profit. In this case, the knock-offs are affecting the economic viability of the original software as it faces competition from cheaper alternatives in the market.

Thomas, an Entrepreneur and Inventor, Developed New Software to Help