As a Start-Up Company, Virtue Mobiles Inc

question 114

Multiple Choice

As a start-up company, Virtue Mobiles Inc.entered the low end of the highly competitive cell phone industry with its low-cost smartphones.Initially, the company was able to sell its inferior technology due to its low prices.Over the years, however, its rate of technology improvements increased above the industry standards.This helped the company to create a strong strategic position for its smartphones in the high-end segment and claim a premium price.Which of the following types of innovation does this scenario best illustrate?

• A) Radical innovation
• B) Incremental innovation
• C) Architectural innovation
• D) Disruptive innovation

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Definitions:

Contract Clause

A specific provision or section within a contract that stipulates the rights, duties, or obligations of the parties involved.

Impair Contracts

Actions or regulations that interfere with the execution, enforcement, or rights under a legal contract.

Unconstitutional

Something that is not in accordance with a political constitution, especially the US Constitution, or with procedural rules.

Alcohol Content

The percentage of ethanol present in a beverage, determining its potency and classified by volume or weight.