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bulgar [2K]
3 years ago
11

Breaking Ventures Inc. realized that most parents are worried about their teenage children going out on their own. Based on this

information, the company developed a device that could be fixed into teenagers' cell phones through which parents could keep track of their children's location. This is referred to as the _____ to research and development. Multiple Choice science-push approach research-pull approach demand-pull approach supply-push approach
Social Studies
1 answer:
Rus_ich [418]3 years ago
5 0

Answer:

C). Demand-pull approach.

Explanation:

The demand-pull approach illustrates the 'demand theory' that describes how the demand influences the production and prices of goods and services in the economy.

As per the question, the given situation exemplifies the 'demand-pull approach' as the company assessed the need of parents regarding the safety of their kids and came out with the supply/solution(the device to track their children) to meet the demand. This situation would be categorized as the demand-pull because the company analyzed that such a product would fulfill the parents' need/demand and therefore, took it as an opportunity which solved the parents' concern and became a source of income for the company. Thus, <u>option C</u> is the correct answer.

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