Final answer:
Examples of innovative products that have disrupted their industries include Tesla's electric vehicles, Apple's iPhone, and Amazon's Kindle e-reader.
Step-by-step explanation:
An example of rapid product development and innovation in the business industry is Tesla's electric vehicles. Tesla has constantly improved their vehicles, from increasing their range to introducing Autopilot features, to make them more efficient and appealing to consumers. They have disrupted the automotive industry by paving the way for electric vehicles and pushing other automakers to invest in electric technology.
Another example is Apple's iPhone. Apple has released a new iPhone model every year, each with new features and improvements. This constant innovation has disrupted the smartphone industry and set the standard for modern smartphones.
Lastly, Amazon's Kindle e-reader is an example of rapid product development. Amazon continuously improves the Kindle by making it lighter, adding new features like backlighting, and increasing its storage capacity. Their constant innovation has disrupted the traditional book publishing industry and transformed the way we read books.