Which of the following does not illustrate the idea of creative destruction?
A)Digital downloads have shrunk the market for CDs and DVDs.
B)Online retail sales have increased, while brick-and-mortar sales have slowed down.
C)The opening of a new mall reduces the traffic in another mall.
D)A firm has to destroy some of the expired products in its inventory.

Question

Quizplus · Accepted Answer

Creative destruction refers to the process by which new innovations lead to the demise of older technologies or methods, making way for progress and efficiency. Options A, B, and C all describe scenarios where new developments or innovations negatively impact existing markets or establishments, fitting the concept of creative destruction. Option D, however, is about the routine disposal of expired products, which does not involve the replacement of old technologies or methods with new, innovative ones.

Which of the Following Does Not Illustrate the Idea of Creative