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Explain the Three Potential Sources of Quantitative Standards

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Essay

Explain the three potential sources of quantitative standards.


Definitions:

Disruptive Innovation

Innovation that creates products or services that become so widely used that they largely replace prior practices and competitors.

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specified time period.

New Behaviours

Recently adopted actions or patterns of activity by an individual or group, often in response to changes in the environment or circumstances.

Product Development

The creation of new products or the improvement of existing products, including design, development, and marketing phases.

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