Which of the Following Situations Is an Example of Creative

question 30

Multiple Choice

Which of the following situations is an example of creative destruction?

• A)An aspiring fashion designer acting as a part-time model in fashion shows
• B)Farm workers moving to technologically advanced industrial sector after undergoing proper training
• C)An old residential building demolished for constructing a new shopping mall and multiplex
• D)A garment manufacturer reducing production to recover its losses
• E)An athlete serving as a brand ambassador for Nike

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Definitions:

Advertising Campaigns

Organized series of promotional activities around a particular theme aimed at stimulating demand for a product or service.

Null Hypothesis

The hypothesis that there is no significant difference between specified populations, any observed difference being due to sampling or experimental error.

Alternative Hypothesis

In hypothesis testing, it is the hypothesis that suggests there is an actual effect or relationship present in the population.

P-value

The chance of encountering outcomes in a test that are as extreme or exceed the observed findings, given that the null hypothesis holds.