Question

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.

Answer 1

E. Both a and b

Step-by-step explanation:

Technology includes firm operations such as skillful workers, also Technology includes firm operations such as the efficiency or capacity of its machinery.