When an Industry Is Subject to Technological Change,the Ability of New

question 43

Multiple Choice

When an industry is subject to technological change,the ability of new entrants to displace incumbent firms will be increased if:

• A)The technological change represents an architectural innovation rather than component innovation
• B)The technological change is competence enhancing rather than competence destroying
• C)Incumbent firms are insufficiently attentive to the industry's largest customers
• D)Incumbent firms are geographically dispersed.

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Definitions:

Sleeping Pills

Medications used to facilitate or improve the quality of sleep in individuals with sleep disorders.

REM Sleep

A stage of sleep characterized by rapid eye movements, during which most vivid dreaming occurs.

Alcohol

A psychoactive substance found in beverages such as beer, wine, and spirits, known for its effects on mood, behavior, and health.

Night Terrors

Intense episodes of fear that occur during sleep, often causing the person to wake up in a terrified state.