Endangered gadgets – Innovation

According to this slideshow, many gadgets which we have become dependent on such as the DVD player or mobile phone chargers face the threat of extinction in 2010. This article provides great examples of how firms must constantly innovate to stay competitive. Click read more for some questions on how firms compete.

1. Make a list of 4 supermarkets. How do these supermarkets try to get you and your parents to buy goods and services from them?

2. To what extent do supermarkets operate in a competitive market?

3. Give two examples of firms using innovation to compete