BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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maturity
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Decline
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Research and development
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Growth
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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: -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.
Detailed explanation-4: -The technology and product life cycles consists of four phases that follow the classic S-curve and they consist of awareness of the technology, technological growth, technological maturity, and a decline of interest in the technology (see Figure 1.1 “Technology Life Cycle").