Which of the following statements is true regarding technology diffusion?
A) S-curves in technology diffusion are obtained by plotting performance against time.
B) Information diffusion is slower than technology diffusion.
C) A drop in prices can accelerate technology diffusion.
D) Most of the knowledge about a technology is explicitly stated and transmitted.

Question

Quizplus · Accepted Answer

A drop in prices can make technology more accessible to a larger population, leading to faster adoption and diffusion. S-curves in technology diffusion are obtained by plotting adoption or usage against time, not performance. Information diffusion can actually be faster than technology diffusion in some cases. Most of the knowledge about a technology may not be explicitly stated, and can be tacit or implicit.

Which of the Following Statements Is True Regarding Technology Diffusion