In High-Technology Companies,there Is an Inordinate Focus on the Technology

question 61

Multiple Choice

In high-technology companies,there is an inordinate focus on the technology and product features rather than the customer and the benefits sought because:

• A)products sell better with focus on technology than with focus on customers.
• B)high-technology companies are usually founded and run by engineers.
• C)these companies invest huge amounts in innovation and have the ability to create entire product classes.
• D)they believe that customers are not aware of the technological innovations that they are capable of.

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Definitions:

Central Limit Theorem

A statistical theory that states that the distribution of sample means approximates a normal distribution as the sample size becomes larger, regardless of the population's distribution.

Sample Mean

The average value obtained from a sample, used as an estimate of the population mean.

Population Standard Deviation

A measure of the dispersion or spread of all the data points in a population from its mean value.

Central Limit Theorem

A statistical theory stating that the distribution of sample means approximates a normal distribution as the sample size becomes larger, assuming all samples are identical in size, regardless of the population's distribution.