Which of the Following Statements Is True of Technology in Industries

question 12

Multiple Choice

Which of the following statements is true of technology in industries?

• A) Technology in industries is accounting for only a minimal share of economic activity.
• B) Technology in industries is revolutionizing aspects of the product even in those not typically considered high-tech.
• C) High-technology industries do not require to adhere to technical standards to achieve product differentiation.
• D) The lack of complementary products does not affect the success of a high-technology industry.
• E) High-technology industries are usually not faced with the challenge of developing business models to achieve a competitive advantage like low-technology industries.

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Definitions:

Bioprospecting

The search for plant and animal species from which medicinal drugs and other commercially valuable compounds can be obtained.

Biopiracy

The practice of commercially exploiting naturally occurring genetic material or biochemicals by obtaining patents that restrict their general use, often without compensating the indigenous peoples or countries from which they are taken.

Biocolonialism

The exploitation of biological resources of developing countries by Western pharmaceutical or biotechnological companies without fair compensation.

Patriarchal Society

A societal structure where men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.