Ebdino, a company that manufactures tires, observes that the sales of its traditional tires have declined drastically and that the sales of tubeless tires have increased. Ebdino hence decides to stop manufacturing traditional tires and replace them with tubeless tires. In the context of innovation streams, which of the following concepts does this scenario best illustrate?
A) Technological substitution
B) Technological lockout
C) Technological singularity
D) Technological determinism

Question

Quizplus · Accepted Answer

The scenario best illustrates the concept of technological substitution, where a newer technology replaces an older one in the market. In this case, the tubeless tires have replaced the traditional tires, resulting in a decline in their sales. Technological lockout refers to a situation where a dominant technology prevents the development of other technologies, while technological singularity and determinism refer to futuristic concepts related to the advancement and impact of technology.

Ebdino, a Company That Manufactures Tires, Observes That the Sales