Which of the Following Is an Example of Technological Progress

question 9

Multiple Choice

Which of the following is an example of technological progress?

• A) an increase in corn output resulting from genetic engineering
• B) the invention of the air conditioner
• C) the invention of LCD televisions
• D) all of the above

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Definitions:

Entrepreneur

An individual who creates and manages a business venture with the aim of profit-making while taking on financial risk.

Business Model Canvas

A strategic management template for developing new or documenting existing business models visually.

Blocks

Obstacles or barriers that impede progress or prevent achievement of goals.

Business Concept

An idea for a business that includes basic information such as the product or service, the target market, and a unique selling proposition that differentiates it from competitors.