Which of the following statements is true about establishing technical standards?
A) Companies in an industry cannot lobby the government to mandate an industry standard.
B) Technical standards are often set by cooperation among businesses, without government help.
C) Companies cannot adopt technical standards that are in the public domain.
D) Market demand is not taken into consideration when it comes to establishing technical standards.
E) The strategy and business model a company has developed for promoting its technological standard holds little importance when it comes to establishing standards.

Question

Quizplus · Accepted Answer

Technical standards are often set by cooperation among businesses, without government help. While governments can play a role in establishing standards, it is more common for industry groups or consortia to develop and promote standards through collaboration and negotiation between competing companies. Market demand is often a key factor in the development of these standards, as companies seek to satisfy customer needs and gain competitive advantage through technological innovation. The strategy and business model a company has developed for promoting its technological standard is also important, as it can help influence other companies to adopt the standard and help shape the direction of industry development. Companies can adopt technical standards that are in the public domain or develop their own proprietary technologies, but it is ultimately up to the industry as a whole to decide which standards to adopt and promote.

Which of the Following Statements Is True About Establishing Technical