Which of the Following Best Defines an Incremental Change

question 14

Multiple Choice

Which of the following best defines an incremental change? 

• A) ​It is the inability of a company to competitively sell its products because it relies on old technology or a nondominant design. 
• B) ​It is the purchase of new technologies to replace older ones. 
• C) ​It is a phase in which companies innovate by lowering the cost and improving the functioning and performance of the dominant design. 
• D) ​It is a phase of a technology cycle characterized by technological substitution and design competition.

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Definitions:

Antitrust Division

A section of the government tasked with enforcing laws to prevent unfair competition, monopolies, and to preserve market integrity.

Treble Damages

A legal award in a lawsuit that triples the amount of actual or compensatory damages, often granted in cases of willful wrongdoing.

Geographic Markets

Areas delineated by geographical boundaries within which a population might reasonably constitute a market for goods or services, often considered in economic and marketing analyses.

Monopoly

A market structure in which a single seller controls all production and sale of a particular product or service.