A Product That Disrupts Consumers' Normal Routines but Does Not

question 244

Multiple Choice

A product that disrupts consumers' normal routines but does not require totally new learning is a

• A)continuous innovation.
• B)discontinuous innovation.
• C)dynamically continuous innovation.
• D)progressive innovation.
• E)disruptive innovation.

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Definitions:

Efficient Quantities

The levels of production or consumption that optimize the use of resources and maximize value creation or utility.

Public Goods

Goods or services that are available for everyone to consume, irrespective of who pays for them, characterized by their non-excludability and non-rivalry.

Private Marketplace

A trading environment usually reserved for qualified participants, where transactions are not open to the public or general market participants.

Public Good

Goods or services that are available for all to consume, regardless of who pays for them, characterized by their non-excludability and non-rivalry in consumption.