Choose a true statement among the following $($single choice$)$:

$(1)$

Incremental innovation usually takes place at a very nascent, early stage of a technology S$-$curve.

In an economy that adopts the so$-$called the "positive regulatory approach $($i$.$e$.$ approval$-$based regulation or ex$-$ante regulation$),"$ it is relatively easier for firms to pursue novel and disruptive ideas across a few different sectors$,$ as opposed to those from the regions regulated by the "negative ragulatory approach$($i$.$e$.$ registration$-$based regulation or ex$-$post regulation$)."$

The "display standard war" in which firms developing the Liquid Crystal Display$($LCD$)$ display technology outcompeted the rivals supporting the Plasma Display Panel$($PDP$)$ display technology, illustrates the importance of radical innovation, as opposed to incremental innovation.

By connecting the digital world with the physical world, the $4$th Industrial Revolution is expected to avail new business opportunities led by changes in the life styles of consumers as well as technological progress.

In an innovation$-$oriented industry sector, the capabilities to manage downstream activities of a value chain become less important, comopared to the capabilities to bring fresh ideas or frontier technologies.