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.

---

Definitions:

Limited Liability Company

A business organization strategy that harmonizes the limited liability advantage of a corporation with the taxation simplicity of a partnership or sole proprietorship.

Operations Participation

The involvement or engagement in the ongoing activities or processes of an organization, project, or system.

Articles of Organization

A document filed with a state governmental entity to legally establish a limited liability company (LLC).

Member-Managed

Describes a management structure in a limited liability company (LLC) where all members (owners) actively participate in the day-to-day operations and decision-making process.