Crimson Inc. initially introduced a new gadget to the niche market. Eventually, other organizations provided the same product at a lower price. Hence, Crimson had to reduce the price of the gadget to the market price. This is an example of a ___________.
A)disintermediation strategy
B)low-end disruptive innovation
C)differentiation strategy
D)high-end disruptive innovation

Question

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The Answer of Crimson Inc. initially introduced a new gadget to the niche market. Eventually, other organizations provided the same product at a lower price. Hence, Crimson had to reduce the price of the gadget to the market price. This is an example of a ___________.
A)disintermediation strategy
B)low-end disruptive innovation
C)differentiation strategy
D)high-end disruptive innovation