Cell phone technology is replacing traditional wired phone technology. This is an example of a(n):
A) first-mover advantage.
B) technological paradigm shift.
C) format war.
D) complementary product.
E) embryonic industry.

Question

Quizplus · Accepted Answer

A technological paradigm shift refers to a fundamental change in the dominant technology or approach in an industry. The replacement of traditional wired phone technology with cell phone technology is a prime example of such a shift. It marks a significant change in the way people communicate and has opened up new possibilities and opportunities for businesses and consumers alike.

Cell Phone Technology Is Replacing Traditional Wired Phone Technology