Mandarin In Town,a Chinese restaurant,opened recently in Burnsville,Minnesota.People from all over the town flocked to Mandarin to find out how good it was.This gave a big boost to the restaurant's initial business,but it caused the other restaurants in the area to lose business temporarily.The way in which Mandarin in Town hurt existing restaurants in Burnsville is an example of:

Question

Quizplus · Accepted Answer

Creative destruction refers to the process by which new innovations or businesses cause older ones to lose market share or become obsolete, which is what happened when Mandarin In Town opened and impacted other restaurants' business.

Mandarin in Town,a Chinese Restaurant,opened Recently in Burnsville,Minnesota