Creative Destruction Is

question 226

Multiple Choice

Creative destruction is

• A) the process by which large firms buy up small firms.
• B) the process by which new firms and new products replace existing dominant firms and products.
• C) a term coined many years ago by Adam Smith.
• D) applicable to planned economies but not to market economies.

---

Definitions:

PDF

Portable Document Format, a file format used to present documents in a manner independent of application software, hardware, and operating systems.

XPS

XML Paper Specification (XPS) is a specification for a page description language and a fixed-document format developed by Microsoft, intended to be an alternative to PDF.

Insertion Point

The location in a document or a field where new text or data will be entered.

Picture Formats

File formats specifically designed for storing digital images, such as JPEG, PNG, GIF, and TIFF.