What is the term for the purchase of new technologies to replace older ones?
A)adaptive change
B)design replacement
C)technological substitution
D)dominant design

Question

What is the term for the purchase of new technologies to replace older ones?
A)adaptive change  
B)design replacement  
C)technological substitution  
D)dominant design

Quizplus · Accepted Answer

The term for the purchase of new technologies to replace older ones is technological substitution. This refers to the process of replacing an existing technology with a new one that offers superior capabilities, features, and performance. Technological substitution can occur within a particular industry or across industries and reflects the competitive pressures that drive firms to innovate and improve their products and processes.

What Is the Term for the Purchase of New Technologies