Technological Factors in Business: Definition & Concept


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question 1 of 3

Which of the following is the best explanation of technology?

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1. What two broad categories can we divide technology into?

2. What's the difference between incremental technological change and radical technological change?

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About This Quiz & Worksheet

The questions will give you key terms related to technological factors in business. You will need to then identify examples and explanations for the given terms. Other questions will ask you to identify key properties of these terms.

Quiz & Worksheet Goals

The quiz tests you on the following topics:

  • Technology
  • Technological categories
  • Incremental and radical change
  • Creative destruction

Skills Practiced

You will practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Interpreting information - verify that you can read information regarding technological changes and interpret it correctly
  • Information recall - access the knowledge you've gained regarding creative destruction
  • Knowledge application - use your knowledge to answer questions about types of technological factors in business

Additional Learning

You should make sure to read the related lesson, Technological Factors in Business: Definition & Concept, in order to absorb the nuances of the subject. The lesson includes these topics:

  • Understanding the conceptual framework of technology
  • Defining technological change
  • Describing technological effects on business
  • Characterizing creative destruction