A Disruptive Innovation Is a Product or Service That ______

question 80

Multiple Choice

A disruptive innovation is a product or service that ______.

• A)takes root initially in simple applications
• B)takes root typically at the high end of a market
• C)is usually high priced
• D)is mandated by the government

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Definitions:

Dramatic Decline

Dramatic decline refers to a rapid and significant decrease in value, quantity, or quality of an economic indicator, asset, or other measurable factors.

Price Increase

A situation where the cost of goods and services rises over a period.

Industry Supply Curve

A graphical representation that shows the quantity of goods that all producers in an industry are willing and able to supply at different price levels.

Upward Slope

A line on a graph that displays a positive relationship between two variables, indicating that as one variable increases, the other variable also increases.