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Question
Which of the following statements is true of customer preferences?A. The importance of technological features to customers stays constant over time.
B. Customers can differ from producers in their understanding of a new technology.
C. All pioneers of new-to-the-world technologies face customer uncertainty.
D. Other things being equal, more customer uncertainty favors earlier timing of entry.
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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A. agglomeration economies
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Which of the following is true of externalities?
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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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What are the factors that determine whether switching to a new technology will benefit a firm?
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How can the s-curves be used as a prescriptive tool? What would be the limitations of this approach?
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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.
C. the architecture on which the industry can focus its efforts is destabilized.
D. the product design is adopted by the majority of producers.
Q:
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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B. the firm should improve its efficiency to target the mass market.
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