SurePhone Inc. plans to make a new mobile phone that would use a retina scanner to unlock the phone. However, the company does not implement the plan as it realizes that the costs involved are too high. Which of the following factors while making a technology decision has SurePhone Inc. taken into consideration?
A)Economic viability
B)Competence development
C)Organizational suitability
D)Market receptiveness
E)Technological feasibility

Question

Quizplus · Accepted Answer

Closely related to technological feasibility is economic viability. Apart from whether a firm can develop a technological innovation, executives must consider whether there is a good financial incentive for doing so, which is considered its economic viability.