For more than 200 years,Encyclopedia Britannica was believed to be the most authoritative encyclopedia in the world.However,sales began to plummet when Microsoft started bundling Encarta with its software products.Britannica offered digital versions of its encyclopedia,but priced them high to encourage consumers to purchase its nicely bound volumes.The plan failed.Sales have continued to spiral downward after Wikipedia,a free online encyclopedia,gained popularity.Which of the following statements sums up this scenario most clearly?

Question

Quizplus · Accepted Answer

The scenario described in the passage highlights how Britannica failed to respond effectively to technological changes, leading to a loss of business. This suggests that managers being slow to adapt to technological changes can have negative consequences for their business. None of the other options are supported by the information in the passage.

For More Than 200 Years,Encyclopedia Britannica Was Believed to Be