Which of the Following Statements Is True About the Role

question 22

Multiple Choice

Which of the following statements is true about the role of technology in a firm's profitability?

• A)Technological change within an industry does not affect a firm's landscape.
• B)Technological change can often lower barriers to entry.
• C)Incorporating new technology early creates barriers for new entrants.
• D)Firms who are late to adopt new technologies benefit more than early adopters.

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Definitions:

Single Area

Concentrating or focusing efforts, resources, or operations in one particular or specific domain or location.

Team Leaders

Individuals who are responsible for guiding, directing, and managing the dynamics and performance of a team to achieve set objectives.

External Environment

All outside factors and influences that impact the operations and success of an organization, including economic, legal, political, and social conditions.

Pay Increases

Adjustments made to an employee's salary to reflect performance, inflation, or changes in market rates.