_____ Refers to Firms Using Simpler and Less Costly Ways

question 18

Multiple Choice

_____ refers to firms using simpler and less costly ways to match the value requirements offered by the products of incumbent firms serving the market.

• A) Modularization
• B) Commoditization of product designs
• C) Disruptive innovation
• D) Creating new market space

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Definitions:

Urbanization

Urbanization is the process by which towns and cities are formed and become larger as more people begin living and working in central areas.

Stream Discharge

A term indicating the quantity of water flowing in a stream or river at any given location and time, expressed typically in volume per time unit.

Hydrograph

An illustration depicting the relationship between flow rate and time at a defined spot in a river or another type of conduit that transports flow.

Data Period

A data period is a specific span of time during which data is collected, analyzed, or reported for the purpose of study or analysis.