The way that newly created goods,services,or firms hurt existing goods,services,or firms is referred to as:

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Creative destruction is the process by which new innovations and businesses displace existing ones, leading to the decline or even extinction of the latter. This can happen due to changes in technology, consumer preferences, or other market forces. While creative destruction can be disruptive, it is also viewed as a crucial driver of economic growth and progress. Benchmarking is a process of comparing performance metrics against industry standards, while service distortion and crowdsourcing are unrelated to the concept of new goods or firms competing with existing ones.

The Way That Newly Created Goods,services,or Firms Hurt Existing Goods,services,or