A Technology Cycle Begins with the Birth of a New

question 7

True/False

A technology cycle begins with the birth of a new technology and ends when that technology reaches its limits and dies; it is then replaced by newer, substantially better technology.

---

Definitions:

Mitigate Risks

The process of taking action to minimize the likelihood and impact of undesired events or risks.

Supply Managers

Professionals responsible for overseeing supply chain operations, including procurement, inventory management, and supplier relationships.

Strategies

Plans of action designed to achieve a long-term or overall aim, especially in business, marketing, or competitive contexts.

Strategic Planning

Involves the formulation and implementation of major goals and initiatives, taken by an organization's top management based on consideration of resources and an assessment of the internal and external environments in which the organization competes.