An example of technological change is A. a firm rearranging the layout of a retail store to increase salesthe layout of a retail store to increase sales. B. a firm installing faster or more reliable machinery or equipmenta firm installing faster or more reliable machinery or equipment. C. a hurricane damaging firm facilitiesa hurricane damaging firm facilities. D. both a and b E. all of the above.

All of the above

Explanation:

Technological changes are changes that occur in a company as a result of new creative ideas or new machineries brought to make work more productive. Rearranging a store layout, buying new equipments and also rebuilding after a natural disaster are all forms of technological change.

E. All of the above

Explanation:

Technological changes involves an increase in the efficiency of a product or the methodology used in achieving a product without necessarily increasing the input. That is to say, it is the increase in output level without increasing the level of input through innovation, invention and diffusion of technology process. It is the discovery of new and improved technique in the production of products.

All of the above are stated examples of technological change.

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