Which of the Following Is True of Creative Destruction

question 20

Multiple Choice

Which of the following is true of creative destruction?

• A)It makes use of illegal innovations and techniques to displace established businesses.
• B)It presents newcomers with an opportunity to succeed against incumbents in an industry.
• C)It happens when technologies that provide process-streamlining advantages come to the fore.
• D)It increases the operational costs of the entire industry and reduces profits.

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Definitions:

Variable Reinforcements

A reinforcement schedule in which rewards are given out at unpredictable intervals, which can lead to more consistent patterns of behavior.

Fixed Schedules

Time management systems where tasks, activities, or work shifts are planned at specific, unchanging times.

Extinguish

To put out a fire or light, or in psychological terms, to diminish a conditioned response by removing the stimulus that elicited it originally.

Behavioural Learning

A process of acquiring new, or modifying existing, knowledge, behaviors, skills, or preferences through interactions and responses to stimuli.