An industry is considered to be high technology,or high tech,when
A) its products are electronic or electrical.
B) the firms in the industry own intellectual property.
C) its products are computers or are related to computers.
D) the firms are innovative.
E) the underlying scientific knowledge that companies in the industry use is advancing rapidly.

Question

Quizplus · Accepted Answer

A high-tech industry is characterized by a rapidly evolving scientific knowledge base, which is used to develop new and innovative products. While products such as electronics, computers, and software may be a part of high tech industries, it is not the defining characteristic. Ownership of intellectual property is also not a distinguishing factor.

An Industry Is Considered to Be High Technology,or High Tech,when