Disruptive Innovations Refer to Less-Expensive and Simpler Versions of Existing

question 90

True/False

Disruptive innovations refer to less-expensive and simpler versions of existing pro ducts and services that target entirely new customers,many times replacing industry leaders.

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Definitions:

Standard Methodologies

Established, regular procedures or techniques used across a particular industry or field.

Deal-Making Process

The series of steps involved in negotiating and finalizing agreements between parties, often in business contexts.

Legal Advice

Guidance given by a legal professional regarding the law or legal proceedings relevant to a client's specific situation.

Accounting Advice

Professional recommendations or guidance concerning the financial management, practices, and recording of a business or individual's affairs.