Technological knowledge:
A) is gained through market research.
B) can lead to a new product that is the basis for a new entry.
C) does not help unless the market applicability is obvious.
D) does not help if the market is limited.

Question

Technological knowledge: 
A) is gained through market research.
B) can lead to a new product that is the basis for a new entry.
C) does not help unless the market applicability is obvious.
D) does not help if the market is limited.

Quizplus · Accepted Answer

Technological knowledge can lead to the development of a new product, which can serve as the basis for a new market entry. This can create a competitive advantage and help a company differentiate itself from its competitors. Therefore, option B is the best choice. Options A, C, and D are not necessarily true, as gaining technological knowledge through market research may not always be feasible, the market applicability of a technology may not always be obvious, and limited market opportunities may still exist for innovative products.

Technological Knowledge