A Product That Disrupts Consumers' Normal Routine but Does Not

question 25

Multiple Choice

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

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

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Definitions:

Real Output

Measure of economic output adjusted for price changes; refers to the quantity of goods and services produced in an economy.

Stagflation

A situation in an economy where the inflation rate is high, economic growth rate slows, and unemployment remains steadily high.

Oil Prices

The cost per barrel of crude oil as determined by global supply and demand factors.

General Theory

A broad and fundamental principle or set of principles intended to explain a major phenomenon or field of study.