A Focus Solely on Technology Is a Definite Recipe for Success

question 41

True/False

A focus solely on technology is a definite recipe for success.

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Definitions:

Substitute Products

Goods or services that can serve as replacements for each other, meeting the same needs or desires of the consumers, thereby providing a choice.

Potential Substitutes

Products or services that serve as alternatives to an organization's offerings, which consumers might consider if available or for better value.

Average Profitability

The mean financial gain or return from an investment or business operation after subtracting all expenses.

Patented Technologies

Technologies protected by patents, prohibiting unauthorized use, reproduction, or distribution.