A Product That Requires the Learning of Entirely New Consumption

question 44

Multiple Choice

A product that requires the learning of entirely new consumption patterns among consumers is referred to as a(n)

• A)continuous innovation.
• B)discontinuous innovation.
• C)dynamically continuous innovation.
• D)evolutionary innovation.
• E)progressive innovation.

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Definitions:

Eighth Unit

A term that could refer to the unit in a sequence or series, specifically the one that comes eighth in order.

Output

The total amount of goods or services produced by a company, sector, or economy over a specific period.

Price

The amount of money expected, required, or given in payment for something.

Marginal Revenue

The additional income that a firm receives from selling one more unit of a good or service.