Which of the following is not a source of technological advancement for a producer?
A)Better trained workers
B)More efficient physical capital
C)Higher skill level of managers
D)Outsourcing some aspect of production

Question

Quizplus · Accepted Answer

Outsourcing some aspect of production does not inherently represent a technological advancement. It is a business strategy for cost reduction or efficiency improvement by transferring parts of work to outside suppliers rather than completing it internally. Technological advancement typically involves the development or improvement of products, processes, or services, often through innovation in equipment, techniques, or software, which is not directly implied by outsourcing.

Which of the Following Is Not a Source of Technological