Final Answer:
Innovations that target NEW markets and represent a major break from existing technologies or ways of thinking, such as the digital camera, the touch-screen smart phone, or the decoding of the human genome, are examples of radical innovations. Option B is correct.
Step-by-step explanation:
Radical innovations signify groundbreaking advancements that fundamentally alter existing paradigms or introduce entirely new concepts, often revolutionizing industries and creating new market landscapes. These innovations go beyond incremental improvements, challenging conventional norms and triggering significant shifts in technology, consumer behavior, and societal patterns.
Examples like the touch-screen smartphone transformed communication and personal computing, while the decoding of the human genome revolutionized healthcare and personalized medicine. Radical innovations disrupt established industries, offering novel solutions that redefine possibilities and open up unexplored territories, fostering unparalleled opportunities for growth and development.
The correct term for such groundbreaking innovations targeting new markets is indeed "Radical innovations" (Option B).