Answer Smart Inc. plans to make a new mobile phone that would use a retina scanner to unlock the phone. However, the company does not implement the plan as it realizes that the costs involved are too high. Which of the following factors while making a technology decision has Answer Smart Inc. taken into consideration?
A) economic viability
B) competence development
C) organizational suitability
D) market receptiveness
E) technological feasibility
A) economic viability
Explanation: Closely related to technological feasibility is economic viability. Apart from whether a firm can develop a technological innovation, executives must consider whether there is a good financial incentive for doing so, which is considered its economic viability.
You might also like to view...
The amount for the Dividends account will appear in the Income Statement columns of a work sheet
Indicate whether the statement is true or false
An effective action paragraph in a sales message reminds the recipient of the benefit, which may be another referral to the central selling point
Indicate whether the statement is true or false
Which of the following is true of Chapter 12 of the United States Bankruptcy Code?
A) Under Chapter 12, family farmers and fishermen have a right to file for bankruptcy reorganization. B) A plan for a Chapter 12 reorganization should provide for payments to creditors over no longer than a one-year period. C) Chapter 12 grants a personal exemption for all farm or fishing equipment. D) A debtor cannot convert a Chapter 12 reorganization to a Chapter 7.
Which of the following would be a preferred creditor in a bankruptcy?
A) A landlord B) A supplier of inventory C) A contractor that did recent renovations D) B and C E) All of the above