Which of the following statements is true of technology in industries?
A) Technology in industries is accounting for only a minimal share of economic activity.
B) Technology in industries is revolutionizing aspects of the product even in those not typically considered high-tech.
C) High-technology industries do not require to adhere to technical standards to achieve product differentiation.
D) The lack of complementary products does not affect the success of a high-technology industry.
E) High-technology industries are usually not faced with the challenge of developing business models to achieve a competitive advantage like low-technology industries.

Question

Quizplus · Accepted Answer

Technology in industries is not only limited to high-tech industries, but it is revolutionizing aspects of products even in industries not typically considered high-tech. This is evidenced by the increasing use of technology in areas such as agriculture, construction, and manufacturing.

Which of the Following Statements Is True of Technology in Industries