Technological innovations decrease:
A) the variety of goods consumers can purchase.
B) the need for differentiation among competitors.
C) the time required to design and produce new products.
D) the use of common components between different models of the same product.

Question

Quizplus · Accepted Answer

Technological innovations have the potential to increase efficiency in the design and production of new products, reducing the time required to complete these tasks.

Answer: D 
 Common components between different models of the same product can be achieved through technological innovations, as digital and automated processes can make it easier and more cost-effective to produce standardized parts.

Therefore, the correct choices are C and D.

Technological Innovations Decrease