Technological Change Is Particularly Risky When It Primarily Affects Business

question 30

True/False

Technological change is particularly risky when it primarily affects business processes.

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Definitions:

Product Class

A category of products that serve a similar function or are bought by consumers for similar reasons, sharing certain attributes.

Innovators

Individuals or organizations that introduce new ideas or products, often leading change and development within a market.

Early Adopters

Individuals or organizations who start using new technology or products at the initial stage, shortly after it has been launched.

Early Majority

A segment of product adopters who tend to purchase or try new products earlier than the average person but after a product has been proven by innovators and the early adopters.