As New Products Are Introduced, That Are Better Than Their

question 64

Multiple Choice

As new products are introduced, that are better than their existing generation of products, sales normally increase, because the new products provide consumers increased value or worth. This process, which is called ________, stimulates economic activity, which is a good thing for the economy.

• A) creative destruction
• B) repetitive destruction
• C) iterative replacement
• D) inventive replacement
• E) iterative destruction