Technology cycles for low-tech products follow the typical U-curve pattern cycle of innovation.

Question

Quizplus · Accepted Answer

Technology cycles for low-tech products do not typically follow a U-curve pattern; this pattern is more associated with high-tech industries where initial high investment and innovation are followed by a period of optimization and then a new cycle of innovation. Low-tech products often have more stable and less cyclical innovation patterns.

Technology Cycles for Low-Tech Products Follow the Typical U-Curve Pattern