Creative Destruction Is Not Automatic Because

question 104

Multiple Choice

Creative destruction is not automatic because

• A) there are major obstacles to the entry of new innovative firms into concentrated industries.
• B) consumer tastes are highly unstable.
• C) corporate takeovers increase dynamic competition.
• D) large firms rarely are technologically progressive.

Recognize the significance of compliance and security requirements in electronic transactions.

Understand how cloud computing characteristics support remote work and business scalability.

Acknowledge the role of netiquette and security considerations in the digital environment.

Understand how to report endowment contributions in financial statements for not-for-profit organizations.

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Definitions:

Quality Focus

A business strategy emphasizing the importance of maintaining high standards in product or service offerings to meet customer satisfaction.

Geographic Span

The reach or coverage area of a company's operations or influence, often measured in terms of distance or market presence.

Service Leadership

A management approach focusing on delivering superior service to customers as a way to gain competitive advantage.

Blue Ocean Strategy

A strategy that emphasizes the simultaneous pursuit of product or marketing program differentiation and lower cost in newly configured industries and markets envisioned by marketing strategists and entrepreneurs alike.