There is a set of fixed specifications for turbine blades for jet engines. The specifications include the material that needs to be used to manufacture the blades and also the specific dimensions that they need to have; the same specifications are used by all manufacturers. In this scenario, the specifications for jet blades can be referred to as:
A) format wars.
B) technical standards.
C) technological paradigm shifts.
D) first movers
E) razor and blade strategies.

Question

Quizplus · Accepted Answer

The specifications for jet blades are technical standards as they provide a set of guidelines for manufacturers to follow in order to ensure consistency and quality of the product. The term "format wars" usually refers to competing standards for a particular technology or product, which is not the case here. Technological paradigm shifts refer to major changes in the dominant technology or approach to a particular industry or problem. "First movers" refer to companies or individuals who are the first to enter a new market or develop a new product category. "Razor and blade strategies" refer to a pricing strategy where a company sells a product at a low cost and makes up for it by charging high prices for related accessories or replacement parts. None of these terms accurately describe the situation with the jet blade specifications.

There Is a Set of Fixed Specifications for Turbine Blades