When Firms Innovate by Leveraging Existing Technologies into New Markets

question 86

Multiple Choice

When firms innovate by leveraging existing technologies into new markets, they are said to be involved in

• A) incremental innovations.
• B) radical innovations.
• C) architectural innovations.
• D) disruptive innovations.

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Definitions:

Appearance and Behavior

The outward presentation of oneself combined with actions, both of which are often used to make judgments about character.

Problem Representation

The way in which a problem is conceptualized or framed, which can affect how it is understood and tackled.

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks.

Heuristic

A problem-solving strategy that uses a practical method or various shortcuts to produce solutions that may not be optimal but are sufficient for immediate goals.