Sometimes the gains from new technology are completely offset by the losses on existing plants.

Name: Sometimes the gains from new technology are completely offset by the losses on existing plants.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

This can happen if the cost of upgrading existing plants to incorporate the new technology is so high that it cancels out any gains in efficiency or productivity. Additionally, shutting down existing plants to upgrade them can result in a loss of revenue during the upgrade process.

Sometimes the Gains from New Technology Are Completely Offset by the Losses