A Product Which Disrupts Consumers' Normal Routines but Does NOT

question 158

Multiple Choice

A product which disrupts consumers' normal routines but does NOT require totally new learning is a:

• A)continuous innovation.
• B)discontinuous innovation.
• C)dynamically continuous innovation.
• D)symbiotic innovation.

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Definitions:

Liquidity Preference Theory

A theory suggesting that people prefer to hold their wealth in liquid form for ease of transactions and as a precaution against uncertainty, influencing interest rates.

Demand for Money

The need or desire to hold money as opposed to investing or spending it, influenced by factors such as interest rates and economic stability.

Liquidity Preference

The desire of consumers and businesses to hold onto cash or easily convertible assets rather than making long-term investments or transactions.

Supply and Demand

The fundamental economic model for price determination in a market, describing the relationship between the quantity of a good that producers wish to sell at various prices and the quantity that consumers wish to buy.