Creative destruction is motivated by a desire for higher profits.

Name: Creative destruction is motivated by a desire for higher profits.
Brand: Quizplus
Rating: 4.7 (43 reviews)

Question

Quizplus · Accepted Answer

Creative destruction is a process in which new innovations and technologies replace old ones. This process is driven by the desire for higher profits and the need for businesses to stay competitive in the marketplace. Companies that fail to adapt to these changes often go out of business, while those that embrace creative destruction can reap significant rewards.

Creative Destruction Is Motivated by a Desire for Higher Profits