Which of the following is the best example of "creative destruction"?
A) The imprudent use of a credit card by a family that already has a high level of debt.
B) The virtual elimination of the film camera by the digital camera.
C) The failure of a business because of poor management.
D) The failure of a business because of higher cost resulting from government regulation.
Correct Answer:
Verified
Q99: Figure 10-7 Q100: Use the figure to answer the following Q101: In order to be successful in a Q102: Whenever firms can freely enter and exit Q103: Which of the following variables is left Q105: Entrepreneurial judgment requires Q106: The market for home-delivered pizza is extremely Q107: Which of the following is true of Q108: What type of industry is the market Q109: When an entrepreneur introduces a new improved
A) the ability to use
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