Asked by Lisbeth Galvan on May 09, 2024
Verified
The speed at which a truly new product spreads through a market is known as the ________.
A) continuity of innovations
B) diffusion of innovations
C) adoption process
D) branding process
Diffusion of Innovations
The process by which a new idea, product, or behavior is adopted by a population, spreading through various communication channels over time.
Adoption Process
The series of stages consumers go through when deciding whether to purchase a new product or service, including awareness, interest, evaluation, trial, and adoption.
Branding Process
The series of strategies and actions a company undertakes to develop a strong and consistent identity in the market that resonates with its target audience.
- Understand the concept and process of the diffusion of innovations in a market.
Verified Answer
Learning Objectives
- Understand the concept and process of the diffusion of innovations in a market.
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