Which of the following is true of technology diffusion?
A) S-curves in technology diffusion are obtained by plotting performance against time.
B) Information diffusion is slower than technology diffusion.
C) A drop in the prices of a new technology can accelerate technology diffusion.
D) Adoption is initially fast when a new technology is introduced to the market.

Question

Quizplus · Accepted Answer

When the price of a new technology drops, it becomes more affordable and accessible to a larger group of people, leading to an increase in adoption and accelerating technology diffusion. S-curves are typically used to plot adoption rates against time, rather than performance. While information diffusion can be slower than technology diffusion, it is not one of the options presented. The speed of adoption can vary depending on various factors, such as market readiness and consumer preferences, and is not always initially fast.

Which of the Following Is True of Technology Diffusion