Creative destruction

Ans: creation of a better technology replaces and older one

Ex.) horse and buggy people lost their jobs to automobiles

Convergence

Ans: all types of media coming together onto a single pathway or device

Example of convergence

Ans: cable TV was only on television, telephones were only for calling

Business models

Ans: a plan that details how a company creates, delivers, and generates

revenues... MUST be adjusted alongside new technology and innovation

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