Which of the following best illustrates a Schumpeterian innovation?

Multiple choice question for Entrepreneurship, Organization, And Innovation. Select an option, then review the explanation below.

Show Answers

A current internet service provider competing against two other companies in Dayton, OhioThe creation and commercial launch of the Model T Ford during the early 1900sThe development of the Stanley steamer automobileAn American investor purchasing shares on the Philippine stock exchange

Explanation

Option B represents a Schumpeterian innovation because it involves introducing a groundbreaking product that transformed the automobile industry. The other options describe competition, earlier inventions, or financial investments that do not exemplify Schumpeter's concept of innovation.

Practice related questions from the same subject.

Which of the following best illustrates a Schumpeterian innovation?

Explanation

More Entrepreneurship, Organization, And Innovation MCQs