BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Figure 1: The Technology Life Cycle Phase 1: Research and Development. Phase 2: Ascent. Phase 3: Maturity. Phase 4: Decline.

Detailed explanation-2: -There are five stages of technology adoption: innovators, early adopters, early majority, late majority, and laggards.

Detailed explanation-3: -The technology life cycle has four distinct stages: research and development, ascent, maturity, and decline. The adoption of these technologies also has a life cycle with five chronological demographics: innovators, early adopters, early majority, late majority, and laggards.

Detailed explanation-4: -1) Innovation Stage The first and foremost stage of the Technology Life Cycle represents the innovation or the birth of the new product, software, material or the processes that are a result of the thorough research and development activities.