If a Firm Invests in Continuous Innovation and Willingly Cannibalizes

question 32

Multiple Choice

If a firm invests in continuous innovation and willingly cannibalizes its existing products with more advanced products,the firm can:

• A) lose a significant number of customers to competitors.
• B) make its products more backward compatible.
• C) prevent competitors from achieving a significant technological lead.
• D) gain greater trust from distributors who have huge stocks of the existing product.

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Definitions:

CMS

The Centers for Medicare & Medicaid Services, a federal agency within the United States Department of Health and Human Services that administers the nation’s major healthcare programs.

Patient Care

The services rendered by members of the health professions for the benefit of a patient.

Unsafe Condition

A situation or environment that poses a risk of injury or harm to individuals.

Documentation

Refers to both the act of preparing and the evidence created when a health care professional records information regarding a patient during the course of assessment and treatment; can be handwritten or electronically.