Which of the following statements is true about technological paradigm shifts?
A) They often do not change the nature of competition in an industry.
B) They occur when government regulations restrict the use of certain technologies.
C) They have the potential to threaten the survival of established industries.
D) They can often be handled by established companies without adopting new strategies.
E) They strongly deter new entrants.

Question

Quizplus · Accepted Answer

Technological paradigm shifts have the potential to threaten established industries because they introduce new technologies and ways of doing things, which may replace or make outdated the traditional ways of operating in that industry. This can lead to a shake-up of the market and may cause established companies to struggle to adapt or face decline.

Which of the Following Statements Is True About Technological Paradigm