Question

which of the following statements about technology is true? a.technology alone is enough to provide sustainable competitive advantage to a firm. b.technology plays a marginal role in creating strategic differences. c.technological improvements are not important in strengthening a firm's strategic advantages. d.technological improvements can often be copied by rivals, leading to a profit-eroding arms race. e.technology cannot be used by late entrants to gain a share of the industry.

Answer 1

Technological improvements can often be copied by rivals, leading to a profit-eroding arms race.

What you mean by Technological Improvements?

Technological Improvements means any improvement, enhancement, advancement, update, revision, change, or modification, whether patentable or not.

Why are the technological improvement is important?

Improved communication and collaboration:

Technological Improvements such as e-mail, instant messaging, video conferencing, and social media are making it easier and more effective for businesses to communicate and collaborate than ever before. This leads to better decision-making, faster project completion, and better customer service.

What is Technological Advancement in Economics?

In economics, a technological improvement change is an increase in the efficiency of a product or process, increasing output without increasing input. In other words, someone can invent or improve a product or process and use it to get a greater reward for the same amount of work.

To know more About Technological Improvement visit here:

https://brainly.com/question/3578036

#SPJ4