A Dynamically Continuous Innovation Has

question 100

Multiple Choice

A dynamically continuous innovation has

• A) new affective tags attached in consumers' minds.
• B) a limited effect on existing consumption patterns.
• C) a pronounced effect on our existing consumption practices.
• D) the potential to start a new product category.
• E) old associations but a new name.

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Definitions:

Voluntary Export Restraint

A self-imposed limitation by exporting countries on the volume of their exports of a particular good.

Subsidy

A financial contribution granted by a government or another entity to support an industry, business, or individual, usually intended to keep prices low, support an essential service, or encourage activities beneficial to the public interest.

Tariff

A tax imposed on imported goods to either raise state revenue or protect domestic industries from foreign competition.

Quota

A government-imposed limit on the amount or value of goods that can be imported or exported during a specified time period, often used to protect domestic industries.