An advantage of technology trading is that it
A) helps a firm speed up its learning curve.
B) enables a firm to gain control and ownership over desired technology.
C) enables a firm to adopt the trial-and-error approach to using technologies.
D) helps a firm gain easy access to new technology as all industries willingly share information.
E) helps a firm gain competitive advantage in its industry.

Question

Quizplus · Accepted Answer

Technology trading can help a firm speed up its learning curve by acquiring knowledge from other companies that have already successfully implemented the technology. This can reduce the time and costs associated with research and development, and enable the firm to quickly adopt and implement the technology in their operations.

An Advantage of Technology Trading Is That It