RESEARCH ETHICS
COMMERCIALIZATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A 12-screen movie theater recently opened in your neighborhood. Just a couple of months after it opened for business, the old single-screen drive-in movie theater nearby went out of business. This is an example of
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creative destruction.
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creative advantage.
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -There are many risks associated with innovation such as the loss of money, the loss of time, the loss of company reputation/image, and the loss of potential.
Detailed explanation-2: -What best explains the theory of creative destruction? Firms will try to come up with new products and more efficient ways to produce products to earn monopoly profits.
Detailed explanation-3: -Essentially, there are three types of innovation: radical, incremental, and disruptive.
There is 1 question to complete.