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Technological Change

Authored by S Bailey

Business

11th - 12th Grade

Used 1+ times

Technological Change
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20 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What does invention refer to?

The process of improving a product

The creation of a new product, process, or idea

The commercialization of a product

The distribution of goods

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the primary focus of innovation?

Ignoring existing technologies

Implementing and improving inventions

Reducing the number of products in the market

Creating new ideas from scratch

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is a result of technological change?

Decreased productivity

Increased use of outdated technologies

Lower quality of products

Enhanced methods of production

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What can technological change lead to in terms of markets?

Decrease in market competition

Stabilization of existing markets

Development of new products

None of the above

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which industries have faced decline due to technological innovations?

Smartphone industry

Digital marketing firms

Film photography and typewriters

Renewable energy sector

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What role does technological change play in market structure?

It has no significant impact

It reduces consumer choices

It reshapes market dynamics

It promotes traditional business models

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which technology is known for its disruptive potential?

Typewriter technology

Artificial intelligence

Mechanical printing presses

Analog telecommunication

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