Technological advancements can create new ________ advantages that are more powerful than existing advantages.
A) economic
B) social
C) environmental
D) competitive
E) comparative

Question

Quizplus · Accepted Answer

Technological advancements can create new competitive advantages that rival or surpass existing advantages in a particular industry or market. These advantages could come from innovations in product design, manufacturing processes, distribution channels, or other areas that allow a company to offer better value to customers or operate more efficiently than its rivals. Economic advantages could also be a factor, but competitive advantages are more specifically related to beating out competitors. Social and environmental advantages may be important, but they are not typically the primary focus of technological innovations. Comparative advantages are related to efficiency and cost, but not necessarily competitiveness in a particular market.

Technological Advancements Can Create New ________ Advantages That Are More