Indian Institute of Foreign Trade 2010 Solved Paper

1 ------> 'd' - "Prices plunged because the cameras generally followed Moore's Law, the famous prediction by Intel co-founder Gordon Moore in the 1960s that the cost of a unit of computing power would fall by 50 percent every eighteen to twenty-four months."
2 ------> 'a' - "Fisher’s solution was to hold on to the film business as long as possible, while adding a technological veneer to it. For instance, he introduced the Advantix Preview camera, a hybrid of digital and film technology. Users took pictures the way they always had, and the images were captured on film.Kodak spent more than $\mathrm{\$}$500 million developing Advantix, which flopped."
3 ------> 'b' - "Fisher also formed a partnership with AOL called "You've Got Pictures." Customers would have their film developed and posted online, where friends and family could view them. Customers would pay AOL $\mathrm{\$}$7 for this privilege, on top of the $\mathrm{\$}$9 paid for photo processing. However sites like Snapfish were allowing pictures to be posted online free."
4 ------> 'c' - "Agfa temporized on digital technology, then sold its film and paper business to private-equity investors in 2004. The business went into bankruptcy proceedings the following year, but that wasn't Agfa's problem. lt had cashed out at a halfway reasonable price."
Hence, option A is the correct answer.