An Advantage of Technology Trading Is That It

question 66

Multiple Choice

An advantage of technology trading is that it

• A) helps a firm speed up its learning curve.
• B) enables a firm to gain control and ownership over desired technology.
• C) enables a firm to adopt the trial-and-error approach to using technologies.
• D) helps a firm gain easy access to new technology as all industries willingly share information.
• E) helps a firm gain competitive advantage in its industry.

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Definitions:

Discounting

The practice of reducing the selling price of goods or services, typically to stimulate sales or clear out inventory.

Ego Psychologists

Ego psychologists study the role of the ego in development and the ways it adapts to reality, managing the conflicts between the id, ego, and superego as outlined in Freudian psychological theory.

Conscious Thought

The process by which individuals are aware of and can think about their thoughts, feelings, and beliefs.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.