Neil, an entrepreneur and inventor, developed new software to retail stores manage their

supply chain effectively. he was able to sell his software successfully to the retail industry. however, certain unscrupulous organizations began producing cheaper versions of the software. this lowered the popularity of the original version. which of the following factors is affected by the knock-offs?
a. economic viability b. technological feasibility c. capability development d. organizational suitability

The anwer is A. Economic Viability.

Explanation:

This question represents a very common problem faced by many new innovators in the market. They put out a new product and then the rest follow and copy it.

When it comes to new products there are Several factors that influence it's popularity. Simply they are,

1. The affordability or the economic viability. Simply this means if a product is "feasible" cost wise and logistically. Price is a major factor that falls under this.

2. Technological feasibility means if the technology used in the product permits the product to be used effectively in Business operations.

3. Organization suitability: softwares and almost any asset is suitable for different organizations in different ways and might not be suitable for some organizations.

These are the major factors that influence a products popularity. However in this scenario, the entrepreneur Neil's product is becoming less popular because the Economic Viability of the software is coming down because of the much cheaper alternatives in the market.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; erp systems;