Which of the following best defines an incremental change?
A) It is the inability of a company to competitively sell its products because it relies on old technology or a nondominant 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 the dominant design.
D) It is a phase of a technology cycle characterized by technological substitution and design competition.

Question

Which of the following best defines an incremental change? 
A) ​It is the inability of a company to competitively sell its products because it relies on old technology or a nondominant 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 the dominant design. 
D) ​It is a phase of a technology cycle characterized by technological substitution and design competition.

Quizplus · Accepted Answer

An incremental change refers to a phase of innovation in which companies focus on improving the function and performance of the dominant design while also reducing costs. It is not about the inability to sell products due to outdated technology or purchasing new technologies, as stated in options A and B. Option D refers to a different phase in the technology cycle, characterized by design competition and technological substitution.

Which of the Following Best Defines an Incremental Change