Awareness of technological changes in its industry helps the firm to:
A) Interpret new regulations
B) Act slowly and carefully
C) Exploit new markets
D) Forecast social change

Question

Quizplus · Accepted Answer

Being aware of technological changes in its industry helps the firm in exploiting new markets as it can adapt to the changing technology and create innovative products or services that cater to the evolving needs of the customers. It may indirectly help in forecasting social change or interpreting new regulations, but the primary benefit is in exploring new markets. Acting slowly and carefully may not always be the best strategy in a rapidly changing technological landscape.

Awareness of Technological Changes in Its Industry Helps the Firm