Which of the Following Statements Concerning Technological Forces Is True

question 38

Multiple Choice

Which of the following statements concerning technological forces is true?

• A)An advantage of technology is that advances can in no way harm an industry's growth.
• B)Because technological change is the result of research, it is highly predictable.
• C)Advances in technology are having important effects on marketing because they allow marketers to better understand and serve consumers.
• D)A new wave of technological innovation will not replace existing products and companies.

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Definitions:

Adjusted Cost of Goods Sold

The cost of goods sold after adjustments for changes in inventory levels and other factors affecting cost of goods sold.

Year

A period of 365 or 366 days, in the Gregorian Calendar, divided into 12 months, used for calculating time.

Net Operating Income

The total profit of a business after operating expenses are subtracted from gross profit but before taxes and interest are deducted.

Total Manufacturing Cost

The aggregate expense incurred in the production of goods, including direct materials, direct labor, and manufacturing overhead.