_____ Innovation Takes Existing Technologies into New Markets to Serve

question 13

Multiple Choice

_____ innovation takes existing technologies into new markets to serve new purposes.

• A) Process
• B) Disruptive
• C) Application
• D) Product

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Definitions:

Functional Strategy

A plan of action developed by a department within an organization to support the overall business strategy and competencies.

Strategic Analysis

The process of researching an organization’s business environment and its internal context to craft strategies for future success.

Competitive Position

A company's standing or rank in the marketplace in comparison to its competitors, typically assessed in terms of market share, profitability, and brand strength.

Business Strategy

A plan of action designed to achieve a set of objectives that will ensure the long-term success and viability of a business.