Which of the Following Is True of Creative Destruction

question 20

Multiple Choice

Which of the following is true of creative destruction?

• A)It makes use of illegal innovations and techniques to displace established businesses.
• B)It presents newcomers with an opportunity to succeed against incumbents in an industry.
• C)It happens when technologies that provide process-streamlining advantages come to the fore.
• D)It increases the operational costs of the entire industry and reduces profits.

---

Definitions:

Shampoo Carpet

The cleaning of carpets using a specially-formulated shampoo to remove dirt and stains.

Older Americans Act

is a federal law enacted in 1965 to support a range of social services and programs for individuals aged 60 and older, including nutrition programs, caregiver support, and community-based services designed to promote independent living.

Elderly Population

A demographic group consisting of individuals typically aged 65 and older, often considered in the context of healthcare, social policy, and welfare.

Exploitation

The act of using someone or something unfairly for one's own advantage, often at the expense of the exploited party.