Discontinuities Generally Favor ___________ Because They Don't Have Entrenched Processes

question 2

Multiple Choice

Discontinuities generally favor ___________ because they don't have entrenched processes and technologies.

• A) New entrants
• B) Incumbents
• C) Conglomerates
• D) Diversified firms

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Definitions:

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) to make something for consumption (the output).

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or taking an action.

Autarky

A national economic policy aimed at self-sufficiency, avoiding the import of foreign goods.

Netherlands

A country located in Northwestern Europe known for its flat landscape, extensive canal systems, tulip fields, windmills, and cycling routes.