Which of the Following Is True of Technology Diffusion

question 11

Multiple Choice

Which of the following is true of technology diffusion?

• A) S-curves in technology diffusion are obtained by plotting performance against time.
• B) Information diffusion is slower than technology diffusion.
• C) A drop in the prices of a new technology can accelerate technology diffusion.
• D) Adoption is initially fast when a new technology is introduced to the market.

---

Definitions:

Decision

The process of making choices among alternative courses of action.

Sunk Costs

Costs that have already been incurred and cannot be recovered, and thus should not affect future business decisions.

Future Costs

Costs that will be incurred in the future, impacting decisions on investments, production, and other business activities.

Relevant

Relates to or directly impacts the subject under discussion.