Increasing Returns to Adoption Imply That Technology Trajectories Are Characterized

question 43

Multiple Choice

Increasing returns to adoption imply that technology trajectories are characterized by _____,meaning that relatively small historical events may have a great impact on the final outcome.

• A) the ratchet effect
• B) the funnel effect
• C) technological trajectories
• D) path dependency

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Definitions:

Confidence

The belief in one's abilities or qualities, often leading to a sense of self-assurance in their actions or decisions.

Differentiation Strategy

A business approach focusing on developing unique products or services to stand out from competitors and attract a specific market segment.

BMW

A German multinational corporation known for producing luxury vehicles and motorcycles, recognized for its innovation, design, and performance.

Polo Ralph Lauren

An American fashion company known for its clothing, marketing and distribution of products in four categories: apparel, home, accessories, and fragrances.