Which of the Following Statements About Technology Is True

question 23

Multiple Choice

Which of the following statements about technology is true?

• A) Technology alone is enough to provide sustainable competitive advantage to a firm.
• B) Technology plays a marginal role in creating strategic differences.
• C) Technological improvements are not important in strengthening a firm's strategic advantages.
• D) Technological improvements can often be copied by rivals, leading to a profit-eroding arms race.
• E) Technology cannot be used by late entrants to gain a share of the industry.

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Definitions:

Shareholder Value

The return on investment that shareholders receive from a company, often seen as a primary goal of businesses, including profit and stock price appreciation.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public, by practicing ethical and sustainable operations.

Greenwashing

Misleading consumers regarding a firm’s environmental practices or the environmental benefits of a certain product.

Recycling Process

The series of actions taken to collect, process, and convert waste materials into new products to prevent waste of potentially useful materials.