If the Aspects That Customers Have Come to Expect in a Technology

question 35

Multiple Choice

If the aspects that customers have come to expect in a technology are difficult for competitors to imitate,being the technology leader will:

• A) result in an inability to preemptively capture scarce assets.
• B) enable it to yield sustained monopoly rents.
• C) result in lower bargaining power over suppliers.
• D) mean negligible research and development costs.

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Definitions:

General Environment

The economic, legal-political, socio-cultural, technological, and natural environment conditions in which an organization operates.

Organizations

Groups of people who work together in a structured way to achieve a collective goal or set of objectives.

Socio-cultural Conditions

refer to the combination of social and cultural factors that influence individuals' behaviors, values, and attitudes in a society.

Religious Diversity

The existence and acceptance of a wide variety of religious beliefs and practices within a society or organization.