As New Products That Are Better Than the Existing Generation

question 33

Multiple Choice

As new products that are better than the existing generation of products are introduced, sales normally increase because the new products provide consumers increased value or worth. This process, which is called ________, stimulates economic activity, which is a good thing for the economy.

• A) creative destruction
• B) repetitive destruction
• C) iterative replacement
• D) inventive replacement
• E) iterative destruction

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Definitions:

Résumés

A summary of a person's education, qualifications, and previous experience, typically sent with a job application.

Job Description

A formal account of an employee's responsibilities, duties, and the scope of a particular job, often used for hiring and evaluating performance.

Valid

Legally sound, effective, or binding; meeting the necessary requirements or criteria.

Independent Variable

A variable in statistical analysis that is manipulated or categorized to observe its effect on a dependent variable.