Technological substitution occurs when:
A) customers establish a new technological standard or dominant design.
B) customers purchase new products to replace older technologies.
C) a new dominant design prevents a company from competitively selling its products.
D) a new technological design or process becomes the accepted market standard.

Question

Quizplus · Accepted Answer

Technological substitution occurs when customers purchase new products to replace older technologies, indicating a shift from old to new technology.

Technological Substitution Occurs When