The Difficulties Faced by Eastman Kodak,Smith Corona

question 18

Multiple Choice

The difficulties faced by Eastman Kodak,Smith Corona.and Olivetti in adapting to radical technological change within their markets point to:

• A)The failure of senior managers to understand the implications of new technologies.
• B)The power of digital technology as a force for creative destruction
• C)The need for firms to devote more resources to technological forecasting
• D)The difficulties established firms experience in building the new capabilities

---

Definitions:

Government Purchases

Expenditures by government entities for goods and services that directly consume economic output.

Real GDP

Refers to the total economic output of a country, adjusted for price changes or inflation, measured in constant prices.

Government Purchases

These are expenditures made by government entities for goods and services that directly satisfy public needs or are used to produce other goods and services for public consumption.

Per Capita GDP

The measure of a country's economic output per person, calculated by dividing the Gross Domestic Product by the total population.