As New Products That Are Better Than the Existing Generation

question 33

Multiple Choice

As new products that are better than the existing generation of products are introduced, sales normally increase because the new products provide consumers increased value or worth. This process, which is called ________, stimulates economic activity, which is a good thing for the economy.

• A) creative destruction
• B) repetitive destruction
• C) iterative replacement
• D) inventive replacement
• E) iterative destruction

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Definitions:

Cultures

The collective customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Ethical Issues

Concerns or dilemmas that involve principles of right and wrong behavior in the moral domain.

Intercultural Communication

The process of exchanging meaningful and unambiguous information across cultural boundaries.

Perspectives

Different viewpoints or angles from which a situation, concept, or problem can be considered or analyzed.