A Product Which Disrupts Consumers' Normal Routines but Does Not

question 207

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.
• E)simultaneous innovation.

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Definitions:

Industry

A group of companies and organizations involved in the production, processing, and distribution of goods and services in a particular sector of the economy.

Marginal Costs

The amplification of total charges incurred from producing an incremental unit of a product or service.

Upward

Referring to a direction or trend that indicates an increase, improvement, or rise in position or value.

Industry Demand Curve

Represents the total demand for a product or service across all consumers in a given market, showing how quantity demanded varies with price.