Technological disruption
A) typically happens slowly.
B) is usually begun by the industry leaders.
C) affects mostly small niche markets.
D) causes firms to adopt a new business model.
E) is a problem primarily in embryonic industries.

Question

Quizplus · Accepted Answer

Technological disruption often causes firms to adopt a new business model to remain competitive. This can be seen with companies such as Netflix, which disrupted the traditional video rental industry by adopting an online streaming business model. Disruption can happen quickly and unexpectedly, causing significant changes in established markets.

Technological Disruption