Eventually, new firms will invest in the development of new technologies because the potential for improvement of the new technologies is higher than the potential for improvement of the old technology.
Correct Answer:
Verified
Q24: Existing technologies will often reach a point
Q25: Typically, there is a high rate of
Q26: The Abernathy-Utterback model predicts the patterns of
Q27: A radical technology is competence-destroying if it
Q28: According to the reverse product cycle model,
Q30: By forecasting technology evolution, you can develop
Q31: Which force influences the nature of incentives
Q32: Which force is most likely to influence
Q33: Fears, motivations and attitudes of people are
Q34: Most technological innovation is:
A) radical
B) incremental
C) fluid
D)
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