The Difference Between Technology and Technological Change Is That

question 136

Multiple Choice

The difference between technology and technological change is that

• A)technology refers to the processes used by a firm to transform inputs into output while technological change is a change in a firm's ability to produce a given level of output with a given quantity of inputs.
• B)technology is carried out by firms producing physical goods but technological change is an intellectual exercise into seeking ways to improve production.
• C)technology is product-centered, that is, developing new products with our limited resources while technological change is process-centered in that it focuses on developing new production techniques.
• D)technology involves the use of capital equipment while technological change requires the use of brain power.

Grasp the concept and significance of supply chain management and logistics in a business setting.

Comprehend the impact of direct and indirect distribution channels on reaching target markets.

Understand the retail strategies used by businesses to enhance customer service and experience.

Know the concept of distribution intensity and its application in market coverage.

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Definitions:

SNCC

The Student Nonviolent Coordinating Committee, a key organization in the American Civil Rights Movement advocating for civil rights through nonviolent protest.

Kerner Report

A report released in 1968 by the National Advisory Commission on Civil Disorders that identified racism and social inequality as the primary causes of urban riots.

Urban Riots

Violent disturbances or upheavals that occur in urban areas, often as a result of social grievances or tensions.

White Racism

Discriminatory beliefs and practices that privilege white individuals over people of other racial backgrounds, often institutionalized within societal structures.