1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Novay_Z [31]
10 months ago
11

the creation of new products and production methods that completely destroys the market positions of firms that are wedded to ex

isting products and older ways of doing business is called .
Business
1 answer:
aliya0001 [1]10 months ago
4 0

Creative destruction is the creation of new products and production methods that completely destroy the market positions of firms wedded to existing products and older ways of doing business.

Creative destruction is the constant process and product innovation mechanism through which new production models replace obsolete ones. This restructuring process pervades the main features of macroeconomic performance, including lengthy growth and changes in the economy, structural adjustment, and factor market functioning.

Over time, the practice of creative destruction is responsible for more than half of all productivity growth. Restructuring typically decreases during recessions at business cycle frequency, adding a massive expense to downturns. Obstacles to the creative destruction process can have serious long- and short-term macroeconomic consequences.

To learn more about creative destruction: brainly.com/question/15718116

#SPJ4

You might be interested in
Preferences are characterized generally by: A. income. B. consumption bundles. C. indifference curves. D. budget constraints.
damaskus [11]

Answer:

B. consumption bundles

Explanation:

Customer preference is defined as the likes and dislikes that a customer has that determines his choice in making purchases.

For exams a customer may want to buy shoes that are black in colour, but shoes that are yellow in colour are ignored.

Preferences of buyers are independent not prices and income level.

Rather it is dependent on consumption bundle. That is the set of goods that will give highest satisfaction to the buyer.

4 0
2 years ago
When effective communication affected your success at work
artcher [175]

Answer:

Being able to communicate at school and in the workplace may mean the difference between success and failure. With your peers, communication helps you to engage and find common ground, allowing you to build friendships that not only last a lifetime, but may lead to future employment opportunities.

Explanation:

8 0
3 years ago
Anna Jonas owns a manufacturing firm in Indonesia and strongly believes that it is important that​ workers' rights be respected.
Lisa [10]

Answer: cognitive dissonance

               

Explanation: Cognitive dissonance takes place in the fields of psychology when an individual holds two or more irrational beliefs, concepts, or principles, or takes part in a motion that runs counter to any of these three and thereby perspectives mental stress.

Inconvenience is caused by an individual's belief that conflicts with new interpreted proof (statistics) in which they attempt to take steps to address the inconsistency in order to minimize their distress.

In simple words, The concept behind cognitive dissonance shows that people find psychological continuity regarding their life span and the earth's objective reality.

8 0
3 years ago
If job a and job b are identical in all aspects, except that job b pays higher wages, what will happen over time?
Bumek [7]
Job b will go out of business sooner if their profit is the same as A
6 0
3 years ago
In this simulation, theoretical utilization of the intensive care unit (ICU) is calculated as the flow rate of patients that arr
Dvinal [7]

Answer:

The theoretical utilization of the ICU is:

= 0.25 or 25%

Explanation:

Inter-arrival time or flow rate of patients that arrive for service at the ICU = 4 hours

Mean length of stay = 6 hours

ICU's capacity to serve customers in 6 hours = 4*6 = 24 bed-hours

Total demand = 6 hours

Therefore, the theoretical utilization = flow rate of patients that arrive for service at the ICU in a given unit of time divided by ICU's capacity to serve customers in that same unit of time

= 6 hours/24 bed-hours

= 0.25

4 0
3 years ago
Other questions:
  • You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 78 - 15Q, where Q =
    13·1 answer
  • Frank has just completed a study in which he gave a survey to each of 7,000 employees and their supervisors in a large bank. His
    7·1 answer
  • A store will give you a 2% discount on the cost of your purchase if you pay cash today. Otherwise, you will be billed the full p
    12·1 answer
  • With the proliferation of data mining analysis due to scanner data with tens of thousands of records, online surveys that garner
    10·1 answer
  • Students for a Democratic Society (SDS) was an activist organization in the 1960s that protested the Vietnam War, racial injusti
    12·2 answers
  • Suppose you deposit $1,633.00 into and account 9.00 years from today into an account that earns 14.00%. How much will the accoun
    14·1 answer
  • In 2005, ABC Company issued $100,000 of 20-year bonds at face value. Ten years later, in 2015, the company retired the bonds ear
    13·1 answer
  • For the first time in two years, Big G (the cereal division of General Mills) raised cereal prices by 4 percent. If, as a result
    9·1 answer
  • Please help!! My 9th time posting this please actually help me!
    5·1 answer
  • Which of the following describes the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!