C Sharp Inc.plans to make a new mobile phone that would use a retina scanner to unlock the phone.However,the company does not implement the plan as it realizes that the costs involved are too high.Which of the following factors while making a technology decision has C Sharp Inc.taken into consideration?
A) Economic viability
B) Competence development
C) Organizational suitability
D) Market receptiveness
E) Technological feasibility

Question

Quizplus · Accepted Answer

Closely related to technological feasibility is economic viability.Apart from whether a firm can develop a technological innovation,executives must consider whether there is a good financial incentive for doing so,which is considered its economic viability.