Development in software technologies result in
A) Increased competition from established industry rivals
B) Increased competition from new entrants into the industry
C) Increased competition from new entrants offering substitute products or services
D) A and B only
E) A, B and C

Question

Quizplus · Accepted Answer

Development in software technologies leads to advancements that not only attract new entrants into the industry, but also provide opportunities for existing players to improve their products and services. This intensified competition from both existing and new entrants makes it difficult for companies to sustain their market positions. Additionally, development in software technologies can also lead to the emergence of substitute products or services that may replace traditional offerings, further increasing the level of competition in the industry. Therefore, all of the options listed in the question are valid outcomes of software technology development.

Development in Software Technologies Result in