Asked by Jordan Hidayat on May 26, 2024
Verified
Which of the following is a true statement about the rate of diffusion?
A) Costly innovations will diffuse more quickly in the market.
B) Highly complex innovations are more quickly adopted by laggards.
C) Customers are more likely to try a product if the price of change is low.
D) News reports about new product innovations are more influential than inter-consumer communications.
Rate of Diffusion
The speed at which a new product, service, or innovation spreads across a market or society.
Highly Complex Innovations
Innovations that are sophisticated and involve a high degree of technical advancement or complex combinations of technologies and processes.
Inter-consumer Communications
The exchange of information, opinions, or feedback among consumers regarding products, services, or brands.
- Develop plans to increase the spread of novel innovations.
Verified Answer
Learning Objectives
- Develop plans to increase the spread of novel innovations.
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