__________ Innovation Refers to Innovations in Products or Services That

question 159

Multiple Choice

__________ innovation refers to innovations in products or services that typically start small and end up completely replacing an existing product or service technology for producers and consumers.

• A) Restructuring
• B) Trickle-up
• C) Productive
• D) Disruptive
• E) Reverse

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Definitions:

Statistical Analyses

The process of collecting, summarizing, and interpreting data to discover patterns and test hypotheses.

T-distribution

A probability distribution that arises when estimating the mean of a normally distributed population in situations where the sample size is small, and the population standard deviation is unknown.

Probability Distributions

Denotes mathematical functions that describe all the possible values and likelihoods that a random variable can take within a given range.

Normal Distribution

A bell-shaped curve that is symmetric about its mean, representing the distribution of a set of data where most observations cluster around the central peak.