Creative Destruction by Innovation Means

question 73

Multiple Choice

Creative destruction by innovation means

• A)destruction of an innovative product once it fails in the market.
• B)introduction of an innovative product makes older substitute goods obsolete.
• C)substitute goods make innovative goods less competitive in the market.
• D)introduction of innovative goods increase the competition in the market

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Definitions:

Long-term Changes

Alterations or developments that are enduring and persist over an extended period of time.

Longitudinal Method

A research design in which data from the same subjects are collected over a period of time to observe changes.

Fixed Group

A term not generally standard in research; possibly refers to a specific group that remains unchanged throughout the duration of a study. NO.

Long Period

A duration of time that extends over a considerable number of years, months, or longer time frames.