Technological knowledge:
A)is gained through market research.
B)can lead to a new product that is the basis for a new entry.
C)does not help unless the market applicability is obvious.
D)does not help if the market is limiteD.

Question

Quizplus · Accepted Answer

Technological knowledge can lead to the development of a new product that may serve as the basis for a new market entry. However, it is not the only factor to consider when entering a new market. Market research is also necessary to determine the market demand and potential for the new product. Additionally, technological knowledge may still be useful even if the market applicability is not immediately obvious, as it may inspire new ideas or applications for the technology. Similarly, even if the market is limited, a new product can still succeed if it satisfies the needs and demands of that market segment.

Technological Knowledge