Technology cycles for low-tech products follow the typical U-curve pattern of innovation.

Question

Quizplus · Accepted Answer

Technology cycles for low-tech products do not necessarily follow the typical U-curve pattern of innovation, which is more characteristic of high-tech industries where initial high investment and innovation are followed by standardization and then potentially by renewed innovation. Low-tech products often have more stable and less dramatic innovation cycles.

Technology Cycles for Low-Tech Products Follow the Typical U-Curve Pattern