________ Technologies Are Technologies That Enable the Incremental Improvement of Products

question 12

Multiple Choice

________ technologies are technologies that enable the incremental improvement of products and services.

• A) Sustaining
• B) Differentiating
• C) Disruptive
• D) Commodity

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Definitions:

Demand Shift

A change in the overall demand for a good or service due to factors like consumer preferences, incomes, prices of related goods, or population changes, leading to a new demand curve.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a market balance.

Substitute

A product or service that can be used in place of another to satisfy similar needs or demands.

Industry Entry

The process of a new competitor or business entering into a market or industry.