In an Attempt to Eliminate Spectacles from the Market, Lensamt

question 107

Multiple Choice

In an attempt to eliminate spectacles from the market, Lensamt, a company that manufactures and supplies contact lenses, launched an advertising campaign to popularize its products. To counter this and stay in the market, the spectacle manufacturers introduced new offers and discounts on spectacles. In the context of innovation streams, which of the following concepts does this scenario best illustrate?

• A) Design competition
• B) Technological lockout
• C) Technological substitution
• D) Design iteration

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Definitions:

Long Period

An extended duration of time, which can span years or even decades, often used in the context of investments or planning.

Isolated Inventor

An individual who develops new ideas or inventions independently, often without the support of an organization.

Inventions

Original devices, methods, or processes developed from the creative mind that have never been made before, offering new solutions.

Idea

A thought or suggestion about a possible course of action, creative concept, or invention.