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As new products are introduced, that are better than their existing generation of products, sales no

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As new products are introduced, that are better than their existing generation of products, sales no

As new products are introduced, that are better than their existing generation of products, sales normally increase, because the new products provide consumers increased value or worth. This process, which is called ________, stimulates economic activity, which is a good thing for the economy.
A) repetitive destruction
B) iterative replacement
C) inventive replacement
D) iterative destruction
E) creative destruction

Textbook

Entrepreneurship: Starting and Operating a Small Business

Edition: 3^rd

Authors: Mariotti, Glackin

Read 281 times

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Registered in a two-year entrepreneurship course

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Registered in a two-year entrepreneurship course

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