Which of the following statements about the technological environment is NOT TRUE?
A) The Internet changes how firms communicate with customers.
B) The transfer of technology from one part of the world to another is automatic.
C) A focus on technology may cause firms to develop a production orientation.
D) New technologies create new product-markets.
E) Technology is the application of science to convert an economy's resources to output.

Question

Quizplus · Accepted Answer

The transfer of technology from one part of the world to another is not automatic. It requires intentional efforts such as licensing, joint ventures, or direct investment.

Which of the Following Statements About the Technological Environment Is