Disruptive Innovations

question 1

Multiple Choice

Disruptive innovations

• A)are created exclusively by start-up companies.
• B)can create new industries or destroy old ones.
• C)create oligopolies.
• D)are always based on sophisticated advances in technology.

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Definitions:

Product Form

The specific physical or intangible attributes that distinguish one product from another.

Product Class

A broad category that groups products based on common characteristics, uses, or target market.

Variation

The differences or deviations in data, objects, or phenomena, which may be natural or a result of external influences.

Product Line

A range of related products offered by a single company to meet various customer needs.