Technology Push and Market Pull

Question 1

What is technology push?

Answer 1

Technology Push is when research and development in new technology drives the development of new products. This happens before there is consumer demand for a product.

Question 2

What is market pull?

Answer 2

Market pull is when product ideas are produced in response to market forces or customer needs.

Question 3

What does CAD mean?

Answer 3

Computer-aided design (CAD) is the use of computers (or workstations) to aid in the creation

Question 4

What does CAM mean?

Answer 4

Computer Aided Manufacturing (CAM) is the use of software and computer-controlled machinery to automate a manufacturing process.