The Likelihood of the Development and Adoption of Alternative Technologies

question 7

Multiple Choice

The likelihood of the development and adoption of alternative technologies depends on the perceptions of potential users.Which of the following is generally not true?

• A)Buyers' perceptions of differences between alternative technologies influence adoption.
• B)The perceived cost of switching between alternative technologies influences adoption.
• C)The perceived rate of technological change influences the adoption.
• D)Buyers' perceptions of the total benefits influence adoption.

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Definitions:

Bakers

Professionals who prepare and bake breads, pastries, and other baked goods.

Steamed Milk

Milk that has been heated and aerated through the introduction of steam, often used in coffee beverages.

Equilibrium Quantity

The quantity of goods or services supplied that is exactly equal to the quantity demanded at the market equilibrium price.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in a balance between production and consumption.