Technological substitution occurs when:
A) a new technological standard or dominant design is established.
B) customers purchase new products to replace older technologies.
C) a new dominant design prevents a company from competitively selling its products.
D) a new technological design or process becomes the accepted market standard.

Question

Technological substitution occurs when: 
A) a new technological standard or dominant design is established.​ 
B) ​customers purchase new products to replace older technologies. 
C) ​a new dominant design prevents a company from competitively selling its products. 
D) ​a new technological design or process becomes the accepted market standard.

Quizplus · Accepted Answer

Technological substitution occurs when customers purchase new products to replace older technologies, indicating a shift from one technology to another.

Technological Substitution Occurs When