As Complementary Technologies Develop for an Innovation,that Innovation Will

question 5

Multiple Choice

As complementary technologies develop for an innovation,that innovation will

• A) become less attractive because the market is now too cluttered.
• B) become more attractive to other firms.
• C) decline in sales as buyers will not want to buy complementary technology due to the cost.
• D) lose status because now it is easier to use.

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Definitions:

Total Value

The complete worth of a good, service, asset, or investment, often taking into account both tangible and intangible factors.

Utility Function

A mathematical representation that shows the relationship between the overall satisfaction or happiness a person derives from consuming different bundles of goods and services.

Pareto Optimal

An allocation scenario where it is impracticable to enhance the situation of any entity or preference measure without causing a decline for at least one other entity or benchmark.

Endowment

The stock of assets or resources provided to an individual, institution, or country, typically used to generate income or contribute to wealth.