Which of the following is most likely a true statement about the technological environment of a firm?
A) Every new technology makes an older technology obsolete.
B) Product safety laws decrease the time taken to introduce new technologies to the market.
C) New technologies fail to create many new opportunities in the marketplace.
D) The technological environment of a firm remains constant over time.
E) New product regulations typically reduce a firm's research costs.

Question

Quizplus · Accepted Answer

The technological environment is ever-changing, and newer technologies tend to replace older ones. This is evident in the shift from traditional landline telephones to smartphones or the move from physical media to digital streaming.

(Note: Option B is incorrect because product safety laws may increase the time taken to introduce new technologies due to testing, compliance, and certification requirements. Option C is incorrect because new technologies often disrupt traditional markets and create new opportunities. Option D is incorrect because the technological environment is subject to constant change. Option E is incorrect because new product regulations typically increase a firm's research costs due to compliance and testing requirements.)

Which of the Following Is Most Likely a True Statement