Answer:
reducing the scale of the market for a new product
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, automobiles, motorcycles, etc.
The use of technology in the manufacturing of a new product can be effectively and efficiently promoted in the market by doing the following;
I. Issuing a patent to a company that invents a new product. Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.
Generally, patents are used on innovation for products that are manufactured through the application of various technologies.
II. Paying a higher amount of money as wages for researchers who are saddled with the responsibility of making finding about a product.
III. Creating a training programs that would help to improve on the knowledge and skills of workers.
However, reducing the scale of the market for a new product in comparison with other products and standards does not help promote technological progress.
