Discuss the Technology Life Cycle

question 4

Essay

Discuss the technology life cycle. Include in your discussion the five groups of adopters.

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Definitions:

Negative Consequences

The potential adverse outcomes or risks that can result from a decision or action, often discussed in sales to motivate a purchase decision.

Valid Objection

A substantial and justifiable concern raised by a potential customer during the sales process.

Compensation Method

The approach a company takes to remunerate its employees, which can include salary, wages, bonuses, profit sharing, or non-monetary benefits.

Direct Denial

A straightforward rejection or contradiction in sales or negotiations, where a statement or claim is explicitly refuted.