The Process by Which New Firms and New Products Destroy

question 89

True/False

The process by which new firms and new products destroy existing dominant firms and their products is called creative destruction.

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Definitions:

Opposites Attract Theory

The hypothesis that individuals are attracted to others with different personality traits or physical attributes than themselves.

Interpersonal Attraction

The force that draws people together and creates the desire for ongoing social interaction, which can be based on physical appearance, similarity, or other factors.

Similarity

The state of being alike or sharing common features.

Proximity

The physical or psychological closeness between people, which is a major factor influencing interpersonal attraction and the formation of social relationships.