Which of the following statements is true of technology diffusion?
A) S-curves in technology diffusion are obtained by plotting performance against time.
B) Technology diffusion is much faster than information diffusion.
C) A drop in the price 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

A drop in the price of a new technology can make it more affordable and accessible to a wider range of people, thereby accelerating technology diffusion. S-curves in technology diffusion are obtained by plotting adoption or diffusion rate against time, not performance. The speed of technology diffusion and information diffusion vary depending on the specific technology or information being diffused. Adoption is initially slow when a new technology is introduced, and then speeds up as more people become aware of and interested in it.

Which of the Following Statements Is True of Technology Diffusion