Disruptive Innovation Is an Innovation That Creates a New Market

question 95

True/False

Disruptive innovation is an innovation that creates a new market or network that disrupts and displaces an existing market or network.

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Definitions:

Capital Account

An account on a nation's balance of payments that records all transactions related to asset changes, including investments and loans.

Liabilities

Financial obligations or debts owed by a business to outsiders, which are required to be settled in the future.

Drawing

A withdrawal made by an owner from the business for personal use.

Revenues

Income generated from normal business operations and includes discounts and deductions for returned merchandise.