Due to Hypercompetition,a Firm Must Engage in Incremental Innovation to Remain

question 28

Multiple Choice

Due to hypercompetition,a firm must engage in incremental innovation to remain competitive and gain advantage(s) .However,the duration of these advantages:

• A) Are shorter in duration and magnitude with each subsequent innovation.
• B) Will eventually leave a firm vulnerable to radical innovations.
• C) Depend on when discontinuities occur in the industry.
• D) All of these.

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Definitions:

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired together; a response that is initially elicited by the second stimulus is eventually elicited by the first stimulus alone.

Unconditioned Stimulus

In classical conditioning, it's a stimulus that naturally and automatically triggers a response without any learning needed.

Fourth Of July

A federal holiday in the United States commemorating the adoption of the Declaration of Independence on July 4, 1776.

Firecrackers

Small explosive devices designed to produce a large amount of noise, especially in the form of a loud bang; typically used for entertainment or celebration.