Creative Destruction by Innovation Means

question 73

Multiple Choice

Creative destruction by innovation means

• A)destruction of an innovative product once it fails in the market.
• B)introduction of an innovative product makes older substitute goods obsolete.
• C)substitute goods make innovative goods less competitive in the market.
• D)introduction of innovative goods increase the competition in the market

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Definitions:

Selective Distribution

A distribution strategy where a product is sold at a limited number of outlets in geographical areas to maintain exclusivity or control over the brand.

Intensive Distribution

A strategy where a company sells its products in as many outlets as possible to maximize coverage and sales.

Personal Pen

A writing instrument chosen or designed to meet an individual's specific preferences or needs, often considered personal property.

Exclusive Distribution

A market strategy where a manufacturer restricts the sale of their product to a single distributor or a limited number of sellers.