Technological Knowledge

question 68

Multiple Choice

Technological knowledge:

• A)is gained through market research.
• B)can lead to a new product that is the basis for a new entry.
• C)does not help unless the market applicability is obvious.
• D)does not help if the market is limiteD.

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Definitions:

Possibilities

Various potential outcomes or options that may arise from a given situation or set of circumstances.

Simulation Heuristic

A cognitive process people employ to assess the frequency or likelihood of events based on how easily they can imagine those events occurring.

Error

A mistake or inaccuracy, which can occur in reasoning, perception, action, or judgment.

Judgment

The capability to reach reasoned decisions or sensible judgments.