Which of the Following Is the Best Example of "Creative

question 22

Multiple Choice

Which of the following is the best example of "creative destruction"?

• A) The imprudent use of a credit card by a family that already has a high level of debt.
• B) The virtual elimination of the film camera by the digital camera.
• C) The failure of a business because of poor management.
• D) The failure of a business because of higher cost resulting from government regulation.

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Definitions:

Vertical Marketing Systems

A marketing system in which the main participants of distribution – producer, wholesaler, and retailer – work together as a unified group in order to meet consumer needs.

Types

Different categories or classifications into which things can be sorted based on common characteristics or attributes.

Major Types

Principal or most common categories or varieties within a broader concept.

Fastest Shopping Experience

A retail or e-commerce strategy aimed at minimizing the time customers spend from entering the store or website to completing their purchase.