What kind of innovation do Hulu,Amazon Prime Video,and Airbnb represent?

Question

Quizplus · Accepted Answer

Disruptive innovations are those that overturn markets by providing an altogether new approach to meeting customer needs. The features of a disruptive innovation make it somewhat counterintuitive. Disruptive innovations:(1) Are technologically simpler and less sophisticated than currently available products or services; (2) Appeal to less demanding customers who are seeking more convenient, less expensive solutions; and (3) Take time to take effect and only become disruptive once they have taken root in a new market or low-end part of an existing market. Hulu and Amazon Prime Video have disrupted established cable and satellite systems by providing a more limited but more efficient distribution system for entertainment content. Sharing services in short-term housing, such as Airbnb, are offering a disruptive innovation that is a strong challenge to the hotel industry.

What Kind of Innovation Do Hulu,Amazon Prime Video,and Airbnb Represent