According to the Innovator's Dilemma

question 96

Multiple Choice

According to the innovator's dilemma:

• A)the computing power of a microprocessor doubles every 18 months.
• B)markets that don't exist can't be analyzed.
• C)well-managed companies that listen and respond to needs of established customers may miss opportunities to innovate.
• D)regulation of e-commerce activities will increase at a rate that is directly proportional to the growth of e-commerce revenues.
• E)innovations are copied soon after they are discovered.

Identify factors that impact individual and market behaviors from a behavioral economics perspective.

Learn about the importance of context and situation in shaping economic decisions.

Describe the role of System 1 and System 2 thinking in decision making.

Analyze the effect of cognitive biases such as overconfidence, hindsight bias, and confirmation bias on economic decisions.

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Definitions:

Community Residents

Individuals or families living in a particular area or community.

Local Bakery

A bakery that operates within a specific locality, known for producing and selling baked goods to the local community.

Influencer

An individual with the ability to affect the purchasing decisions of others because of their authority, knowledge, position, or relationship with their audience.

Ambassador

A person who represents and promotes a brand or organization to a wider audience, often leveraging their influence.