A _____ Represents a Product or Service That Is Not

question 25

Multiple Choice

A _____ represents a product or service that is not as good as currently available alternatives,but that is typically simpler and less expensive.

• A)sustaining innovation
• B)disruptive innovation
• C)a breakthrough innovation
• D)None of the above.

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Definitions:

Economic Conditions

The state of the economy at a certain time, characterized by factors such as GDP, unemployment rates, and inflation levels.

Open Market

A system where goods, services, and financial instruments are traded freely without restrictions, based on supply and demand forces.

Foreign Competitors

Companies based in one country that compete with those in another country, often affecting market share, pricing strategies, and innovation efforts.

External Environment

The external forces that affect an organization's performance, including economic, technological, socio-cultural, and political factors.