________ Create a New Market by Initially Reaching New Customers

question 39

Multiple Choice

________ create a new market by initially reaching new customers through displacing an existing market's low-end product. 

• A)Distinctive competencies
• B)Discontinuous innovations
• C)Disruptive innovations
• D)Synergy analysis frameworks
• E)Continuous innovations

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Definitions:

Horizontal Supply Curve

Represents a market situation where the supply of a good is perfectly elastic, indicating the supplier is willing to sell any quantity at a fixed price.

Linear

A straight-line relation in mathematics that expresses a constant rate of increase or decrease between variables.

Deadweight Loss

A loss in economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.

Inverse Demand Function

A mathematical function that describes how the quantity demanded of a good or service varies with its price, expressed as price as a function of quantity demanded.