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Question
Socially complex resources are:A. resources or activities that emerge through the interaction of multiple individuals.
B. resources that cannot be defined in terms of a numerical value.
C. resources that require public sanction in order to be utilized for profit-making purposes.
D. resources that are shared by different parties thereby making them easily imitable.
Answer
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Related questions
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B. it becomes difficult for competitors to imitate.
C. the architecture on which the industry can focus its efforts is destabilized.
D. the product design is adopted by the majority of producers.
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S-curves in technology performance and s-curves in technology diffusion are fundamentally different processes.
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The path a technology follows through time is termed as technology trajectory.
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B. They are only borne by individuals responsible for creating them.
C. Technological innovation results in complete eradication of negative externalities.
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Technological innovations increase:
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Technological innovation decreases the amount of output achievable from a given quantity of labor and capital.
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A legally induced adherence to a dominant design is not possible.
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Once a new product design becomes a dominant design:
A. the product is no longer profitable.
B. it becomes difficult for competitors to imitate.
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Iris is quite skeptical about new innovations and is most likely to adopt something new only after experiencing peer pressure to adopt the new innovation. However, she is not so risk averse that she will wait until all uncertainty of a new technology has been resolved; she is willing to accept a little uncertainty if her peers already use the product. Which of the following adopter categories does Iris belong to?
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A. the firm must reduce its production capacity.
B. the firm should improve its efficiency to target the mass market.
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