Which of the Following Is True of a Disruptive Innovation

question 107

Multiple Choice

Which of the following is true of a disruptive innovation?

• A) It targets existing markets.
• B) It initially provides high-cost solutions to existing problems.
• C) It introduces a radical idea and creates a new industry.
• D) It attacks the market through a top-down process.

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Definitions:

Price Floor

A government-imposed minimum price charged for a commodity, below which it cannot legally be sold, typically intended to protect producers.

Retailers

Businesses that sell goods directly to consumers.

Price Floor

A government-imposed minimum price set above the equilibrium price, intended to ensure fair conditions for producers.

Minimum Price

A price floor set by the government or a body, below which the product cannot be sold, aimed at protecting producers or farmers.