Which of the Following Is Often Rendered Obsolete Because of Technological

question 30

Multiple Choice

Which of the following is often rendered obsolete because of technological advancements?

• A)Patent
• B)Copyright
• C)Franchise
• D)Goodwill

Learn the impact of marketing actions (e.g., demonstrations, free samples) in counteracting barriers to adoption.

Understand the significance of risk, value, psychological, and usage barriers in the product adoption process.

Analyze the role of consumer information sources and social status in the diffusion of innovation.

Interpret the implications of consumer adoption rates on the lifecycle of products.

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Definitions:

Frederick W. Taylor

A mechanical engineer from America who aimed to enhance productivity in the industrial sector and is recognized as the progenitor of scientific management.

Open Systems

A concept in organizational and system theories that describes entities which interact with their environments by exchanging resources, information, and energy.

Human Relations Movement

An approach to management focusing on the importance of social relations and employee well-being in the workplace.

Education Initiatives

Education initiatives refer to programs or projects designed to improve learning outcomes, expand educational opportunities, and enhance instructional quality.