The invention of a machine to make plastic corks for wine bottles has severely affected companies that produce traditional cork. the invention of the machine for making plastic corks is an example of a(n) advancement.

The invention of a machine to make plastic corks for wine bottles has severely affected companies that produce traditional cork. The invention of the machine for making plastic corks is an example of a(n) technological advancement.

Explanation:

In business, technological advancement demands that a shift and adaptation be made with the advancements in order to compete in today's changing market place. In order to have a balanced business, it is necessary that a company adapt to the changes and change its product according to the market.

In the above mentioned example, the companies making traditional cork will have to make plastic corks and modify their products if they want to stay in the market.