Briefly explain whether you agree with the following observation: "Technological change refers only to the introduction of new
products, so it is not relevant to the operations of most firms." A. The statement is incorrect. Technology includes firm operations such as the skill of its managers. B. The statement is incorrect. Technology includes firm operations such as the efficiency of its equipment. C. The statement is incorrect. Technology does not refer to the introduction of new products. D. The statement is correct. E. Both a and b.
Technology includes firm operations such as skillful workers, also Technology includes firm operations such as the efficiency or capacity of its machinery.
