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Question
Which of the following is true of technological innovations?
a. Technological innovations help increase a countrys gross domestic product.
b. Technological innovations decrease the amount of output achievable from a given quantity of labor and capital.
c. Technological innovations slow down the product development cycles and product obsolescence.
d. Technological innovations increase production costs and reduce product differentiation.
Answer
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Related questions
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b. product modularity.
c. a bundling relationship.
d. disintermediation.
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If a firm willingly cannibalizes its existing products with more advanced products, the firm can make it very easy for other firms to achieve a technological lead large enough to prove persuasive to customers.
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