If a Firm Focuses Closely on Meeting the Needs of Its

question 49

True/False

If a firm focuses closely on meeting the needs of its customers,it is unlikely to be blindsided by disruptive innovation.

---

Definitions:

Loanable Funds

The market where savers supply funds to borrowers, typically through financial intermediaries.

Quantity Supplied

The total amount of a specific good or service that producers are willing and able to sell at a given price, during a certain time period.

Pension Program

A financial arrangement designed to provide individuals with an income when they are no longer earning a regular income from employment.

Real Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing or the true return on investment.