Which of the Following Is Not a Source of Technological

question 75

Multiple Choice

Which of the following is not a source of technological advancement for a producer?

• A)Better trained workers
• B)More efficient physical capital
• C)Higher skill level of managers
• D)Outsourcing some aspect of production

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Definitions:

SWOT Analysis

A tool used in strategic planning to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats related to a project or business venture.

Capability

The ability, skill, or expertise that an organization or individual has which enables them to achieve their objectives and perform effectively.

Strength

In the context of SWOT analysis, refers to the inherent advantages or positive attributes an organization possesses which can be leveraged to achieve its goals.

SWOT Analysis

A tool used in strategic planning that assesses the Strengths, Weaknesses, Opportunities, and Threats associated with a project or enterprise.