Technological Uncertainty

question 94

Multiple Choice

Technological uncertainty: 

• A) is a result of uncertainty about customer demand.
• B) occurs because an alternative technology could be introduced by competitors.
• C) only occurs in emerging markets.
• D) can be avoided by early entrants with superior technology.

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Definitions:

Proportion

A mathematical concept indicating the relationship between parts of a whole or between different quantities expressed as a fraction or ratio.

Unknown Quantity

A variable or value in mathematics and science that is not yet identified or determined.

Proportion

A component, slice, or numeral seen in perspective to its entire volume.

Cost Components

The individual elements that contribute to the total cost of a product or service, including materials, labor, and overhead.