Technological Disruption

question 25

Multiple Choice

Technological disruption:

• A) is typically a temporary phase lasting a few months.
• B) occurs when the manufacturing plants of a company fail.
• C) mostly affects the new entrants.
• D) compels firms to adopt new business models.
• E) is a problem primarily in embryonic industries.

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Definitions:

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations.

Entity

An object, being, organization, or concept that exists independently with a distinct identity.

Survival of The Fittest

A concept derived from Darwinian evolutionary theory, describing the mechanism through which natural selection occurs, favoring traits that enhance survival and reproduction.

Social Welfare Programs

Governmental provisions designed to support the well-being of the population through services like healthcare, education, and income support.