Ask Question
6 March, 06:06

Cinebravos, a television manufacturer in Ashtemston, observes that its customers have stopped purchasing its CRT television sets and that they have begun purchasing its LED and LCD television sets. It hence stops manufacturing CRT television sets entirely.

In the context of innovation streams, what concept does this scenario best illustrate?

+4
Answers (1)
  1. 6 March, 07:35
    0
    Technological substitution

    Explanation:

    Technological substitution -

    It is practice, by which the consumers switches from buying a certain product to other, considering the other one to be superior on technology, is referred to as technological substitution.

    As, people are always ready to use and adapt to more advanced and superior technology, and give up on the older version, in order to enjoy latest features and technology.

    Hence, from the given scenario, technological substitution is showcased.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Cinebravos, a television manufacturer in Ashtemston, observes that its customers have stopped purchasing its CRT television sets and that ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers