Asked by Lisbeth Galvan on May 09, 2024

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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.
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Hadassah GonzalezMay 12, 2024
Final Answer :
B
Explanation :
The speed at which a truly new product spreads through a market is known as the diffusion of innovations. This concept refers to the process by which an innovation is communicated through certain channels over time among the members of a social system. It includes five stages: innovators, early adopters, early majority, late majority, and laggards.