Question

An example of technological change is A. a firm rearranging the layout of a retail store to increase sales. B. a firm's workers going through a training program. C. a hurricane damaging firm facilities. D. both a and b E. all of the above.

Answer 1

Answer:

D. both a and b

Explanation:

There are 3 stages to technological change:

1. Invention - this is when new technology is created or invented.

2. Innovation - this is application of new invention

3. Diffusion - diffusion is when knowledge and use of new technology spreads. Training is one of the ways through diffusion can occur. Therefore , training is an example of technological change.

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