Which of the Following Statements Is True About Technological Paradigm

question 53

Multiple Choice

Which of the following statements is true about technological paradigm shifts?

• A) They often do not change the nature of competition in an industry.
• B) They occur when government regulations restrict the use of certain technologies.
• C) They have the potential to threaten the survival of established industries.
• D) They can often be handled by established companies without adopting new strategies.
• E) They strongly deter new entrants.

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Definitions:

Developing Countries

Nations with a lower level of industrialization, lower living standards, and lower Human Development Index (HDI) than developed countries.

Per Capita Income

This is the average income earned per person in a given area in a specified year.

Developing Nations

Countries that are in the process of industrialization and have lower per capita income levels compared to developed countries.

Annual Revenues

The total amount of income generated by a business or organization from its activities over the course of a year.