What Is the Best Way to Describe a Product That

question 69

Multiple Choice

What is the best way to describe a product that is a disruptive innovation?

• A) The product offers higher quality at a lower price.
• B) The product occupies a majority of the market share.
• C) The product is incompatible with a previous version of the product.
• D) The product is so new customers require new behaviours for its use.
• E) The product makes customers uneasy when it is used.

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Definitions:

Coinsurance

A form of insurance coverage in which the insured party and the insurer share the costs of covered healthcare services according to a predetermined percentage.

Monopsony Power

A market situation where there is only one buyer for a product or service, giving that buyer significant control over the market.

Deferred Benefit Plan

A type of retirement plan that allows participants to postpone receiving retirement benefits until a specific future date, often to optimize tax benefits.

Elective Surgical Procedure

A surgery that is scheduled in advance because it does not involve a medical emergency.