Which of the Following Statements Is True of Technological Lockout

question 80

Multiple Choice

Which of the following statements is true of technological lockout?

• A) It occurs when customers purchase new technologies to replace older technologies.
• B) It occurs when a new dominant design prevents a company from competitively selling its products.
• C) It occurs when companies innovate by improving the functioning and performance of the dominant design.
• D) It occurs when new technologies compete to establish a new technological standard.

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Definitions:

Package of Issues

A group or collection of topics, problems, or matters that are considered or dealt with together.

Commitments Exchange

A process where parties involved promise or pledge to engage in mutual exchanges of goods, services, or obligations.

Positive Bargaining Range

indicates a scenario in negotiation where the lowest amount the seller is willing to accept overlaps with the highest amount the buyer is willing to pay.

Squeeze Negotiations

Tactics used to pressure an opposing party into offering more favorable terms by exploiting their vulnerabilities.