_____ occurs when customers purchase new technologies to replace older technologies.
A)Technological substitution
B)Entropy
C)Incremental environmental change
D)Organizational synergy
E)Transition management

Question

Quizplus · Accepted Answer

Technological substitution refers to the process of replacing old technologies with new ones. This can occur as a result of advancements in technology, changes in consumer preferences and increased competition. It can have significant impacts on industries and markets as companies must adapt to new technologies or risk becoming obsolete.

_____ Occurs When Customers Purchase New Technologies to Replace Older