Which of the following is an advantage of technology leadership?
A) There is little risk involved.
B) The infrastructure cost is low as the product is new.
C) There is little or no competition.
D) There is no need to develop complementary products.
E) The market development cost is low.

Question

Quizplus · Accepted Answer

What makes innovators and technology leadership attractive is the potential for high profits and first-mover advantages.The organization can use the advantage to reap greater profits than competitors or attract more customers by charging lower prices.Similarly,if a company is first to market with a new technology,it may be able to charge a premium price because it faces no competition.

Which of the Following Is an Advantage of Technology Leadership