Question: Farmers across the world are now utilizing drones, which are revolutionizing the industry. A drone is an unmanned aerial vehicle that is guided remotely. Although

Farmers across the world are now utilizing drones, which are revolutionizing the industry. A drone is an unmanned aerial vehicle that is guided remotely. Although drones are not new, their use in agriculture is significantly impacting the industry and targeting an entirely new market. Which type of new product is a drone in the agriculture context?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

In the context of agriculture a drone is not a new product in the traditional sense Its an existing ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Helen Derby borrowed $150,000 to acquire a parcel of land to be held for investment purposes. During the current year, she reported AGI of $90,000 and paid interest of $12,000 on the loan. Other...

Answer Question in 500 words: Taking into account everything Amazon has done on the pharmaceutical side of the healthcare business, is it strategic for Amazon to venture into other sectors of...

Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...

This case was written by Professor Michele Greenwald, Visiting Professor of Marketing at HEC Paris, for use with Advertising and Promotion: An Integrated Marketing Communications Perspective 7th...

Farmers across the world are now utilizing drones, which are revolutionizing the industry. A drone is an unmanned aerial vehicle that is guided remotely. Although drones are not new, their use in...

A drone is an unmanned aerial vehicle that is guided remotely, and farmers across the world are now utilizing drones, which are revolutionizing the farming industry. Although drones are not new,...

A drone is an unmanned aerial vehicle that is guided remotely, and farmers across the world are now utilizing drones, which are revolutionizing the farming industry. Which type of new product is a...

A drone is an unmanned aerial vehicle (UAV) that either is controlled by pilots from the ground or autonomously follows a preprogrammed mission. Commercial drones are used for a wide variety of...

Running head: CHOW CHOPPER FINANCIAL PLAN Chow Chopper Financial Plan 1 Running head: CHOW CHOPPER FINANCIAL PLAN Table of Contents Startup Funding 3 Use of Funds 3 Sales Forecast 4 Cash Flow 5...

need to Ans the question mentioned in the picture. CASE STUDY - GPPE PART 1 GPPE (Geoscopic Protective Prototype Equipment) Pty Ltd opened in 2005 in NSW under the leadership of the Managing...

Question GPPE (Geoscopic Protective Prototype Equipment) Pty Ltd opened in 2005 in NSW under the leadership of the Managing Director, Leigh Baker. Leigh was one of just two Directors for GPPE, owning...

The YTM of a risk-free zero-coupon bond maturing two years from now is 2.1% and the YTM of a risk-free zero-coupon bond maturing three years from now is 2.4%. Find the value of a risk-free security...

Kerry Smart commenced her retail clothing business in February 2020. On the 13 February 2020 she acquired a new computer and off- the-self software for her business. The computer is used solely for a...

The derivative C ' ( t ) = - 3 4 . 8 e - 0 . 0 2 t takes t , minutes since a fired ceramic cup was removed from a kiln, and gives C ' , how much the temperature of the cup is changing in degrees per...

Camco Manufacturers Inc., a publicly listed company, has two machines that are accounted for under the revaluation model. Technology in Camco's industry is fast-changing, causing the fair value of...

Larry Phillips was hired for a two-year period as executive secretary of the Montana Education Association (MEA). Six months later, he was fired. He then sued MEA for breach of contract and sued the...

The majority shareholder and president of Dunaway Drug Stores, Inc., William B. Dunaway, was structuring and executing the sale of virtually all of the corporation's assets to Eckerd Drug Co. While...

Do social recommendations increase ad effectiveness? A study of online video viewers compared viewers who arrived at an advertising video for a particular brand by following a social media...

What does the scheduled amount represent? Why does it drop off in 1991? How can it exceed the availability?

i BusinessCourse Course Content / Introduction / Homework Three Multiple Choice - SEC Reporting Requirements These questions involve SEC reporting requirements. Required a . What is the name of the...

China became a member of the WTO on 11 December 2001 and, overall, the Chinese economy has shown exceptional economic growth over the last decade, closely associated with Chinas increased integration...

Burberry Group plc (www.burberry.com) is a British luxury fashion house, distributing outerwear, fashion accessories, sunglasses, fragrances and cosmetics. Its distinctive tartan pattern has become...

Before the traditional lawnmower, people used scythes to cut the grass. In 1827, the English engineer Edwin Beard Budding invented the first lawnmower. Colonel Edwin George manufactured the first...

A retrospective study examined the link between baldness and the incidence of heart disease. In the study, 1435 middle-aged men were selected at random and examined to see whether they showed signs...

Refer back to Exercise 13. Perform your own analysis of the data to see if baldness and heart disease are related. Do your conclusions support the claim that baldness is a cause of heart disease?...

The Chapter 3 Step-By-Step looked at a Swedish study that asked 6272 men how much fish they ate and whether or not they had prostate cancer. Here are the data: Armed with the methods of this chapter,...