Which of the following statements is true of technological lockout?
A) It occurs when customers purchase new technologies to replace older technologies.
B) It occurs when a new dominant design prevents a company from competitively selling its products.
C) It occurs when companies innovate by improving the functioning and performance of the existing dominant design.
D) It occurs when new technologies compete to establish a new technological standard.

Question

Quizplus · Accepted Answer

Technological lockout occurs when a new dominant design emerges, preventing companies from competitively selling their products. This can happen when a new technology or product becomes widely accepted in the market, and companies that do not adopt the new design risk becoming obsolete. Options A, C, and D do not accurately describe technological lockout.

Which of the Following Statements Is True of Technological Lockout