Which of the Following Statements Is True of Technology in Industries

question 54

Multiple Choice

Which of the following statements is true of technology in industries?

• A) Technology in industries is accounting for only a minimal share of economic activity.
• B) Technology is revolutionizing aspects of the product or production system even in industries not typically considered high-tech.
• C) High-technology industries are not required to adhere to technical standards to achieve product differentiation.
• D) The lack of complementary products does not affect the success of a high-technology industry.
• E) High-technology industries are usually not faced with the challenge of developing business models to achieve a competitive advantage like low-technology industries.

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Definitions:

Intelligence

Represents the capacity for learning, reasoning, understanding, and similar forms of mental activity; aptitude in grasping truths, relationships, facts, meanings, etc.

Culture

The collective beliefs, customs, arts, and technologies of a social group or society that are transmitted across generations.

Customs

Traditional practices or behaviors shared by a particular social, ethnic, or age group, often passed down from generation to generation.

Authority

Refers to the legitimate power that an individual or organization has to influence or control others.