Which of the following statements is true of technological lockout?
A) It occurs when customers purchase new technologies to replace older technologies.
B) It occurs when a new dominant design prevents a company from competitively selling its products.
C) It occurs when companies innovate by improving the functioning and performance of the dominant design.
D) It occurs when new technologies compete to establish a new technological standard.

Question

Quizplus · Accepted Answer

Technological lockout occurs when a new dominant design, often in the form of a new technology, replaces older technologies, making them obsolete and preventing a company from effectively competing and selling its products.

Which of the Following Statements Is True of Technological Lockout