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Title: Which of the following statements correctly describes the distinction between technology and technol Post by: Tidy on Jun 21, 2015 Which of the following statements correctly describes the distinction between technology and technological change?
A) Technology refers to the processes used by a firm to transform inputs into output of goods and services while technological change is a change in a firm's ability to produce a given level of output with a given quantity of inputs. B) Technology refers to the ability of a firm to increase its maximum output from a given quantity of inputs and technological change is the process by which the firm achieves this productivity gain. C) Technology is product-centered; its refers to developing new products with limited resources while technological change is process-centered in that it focuses on developing new production techniques. D) Technology involves research and development while technological change involves the use of more efficient machinery. Title: Re: Which of the following statements correctly describes the distinction between technology and tec Post by: Smoooth on Jul 28, 2015 Content hidden
Title: Re: Which of the following statements correctly describes the distinction between technology and technol Post by: Smoooth on Aug 31, 2015 No problemo :-]
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