Which of the following best defines an incremental change?
A) It is the competition between old and new technologies to establish a new technological standard or dominant design.
B) It is the purchase of new technologies to replace older ones.
C) It is a phase in which companies innovate by lowering the cost and improving the functioning and performance of a dominant design.
D) It is a phase of a technology cycle characterized by technological substitution and design competition.

Question

Quizplus · Accepted Answer

An incremental change is a phase in which companies innovate by improving the functioning and performance of a dominant design while lowering the cost. This is different from other options as they deal with the competition between old and new technologies, purchase of new technologies, and design competition.

Which of the Following Best Defines an Incremental Change