A Product That Disrupts Consumers' Normal Routine but Does Not

question 25

Multiple Choice

A product that disrupts consumers' normal routine but does not require totally new learning is a

• A) continuous innovation.
• B) dynamically continuous innovation.
• C) discontinuous innovation.
• D) progressive innovation.
• E) disruptive innovation.

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Definitions:

Constant-Cost Industry

An industry where the input costs remain constant irrespective of changes in the overall output level.

Entry

The act of beginning or entering into a particular market or area of business, often involving competition.

Input Prices

The costs associated with the raw materials, labor, and other resources required for the production of goods or services.

Economic Profit

The difference between total revenue and the total opportunity costs (both explicit and implicit) of all resources involved in the production of goods or services.