When technology is progressing rapidly,firms are more likely to:
A) commit themselves to fixed assets.
B) focus on developing the necessary skills in-house.
C) use linkages with other specialized firms to access resources they do not possess.
D) avoid becoming more narrowly specialized.

Question

Quizplus · Accepted Answer

When technology is progressing rapidly, it becomes increasingly difficult for firms to possess all the necessary resources in-house. Thus, they are more likely to use linkages with other specialized firms to access the resources they do not possess. This allows them to stay competitive without committing themselves to fixed assets or becoming more narrowly specialized.

When Technology Is Progressing Rapidly,firms Are More Likely To