James Pickett D. J. C. Forsyth, and N. S McBain on the basis of field research in Africa, concluded that business people often want to use the most advanced design without knowing that it may not be the most profitable. They attribute this attitude to ?
Correct answer: C. engineering mentality
- A. maximum capital absorption
- B. factor price distortions
- C. engineering mentality
- D. intermediate technology
Explanation
An engineering mentality gives priority to technically advanced designs without adequately comparing their costs and profitability. In developing economies, this can lead firms to choose impressive but economically unsuitable technology.
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