Question: The key idea behind diffusion of innovation is that Multiple Choice adoption of a new product line does not change the diffusion rate of older

The key idea behind diffusion of innovation is that
Multiple Choice
adoption of a new product line does not change the diffusion rate of older lines in the market.
the introduction of an entire new product class almost always diffuses the importance of its predecessor within a matter of months.
the rate of adoption is independent of other product form innovations or competitive products in the marketplace.
once a product enters the market, the time span between awareness and purchase is incredibly short.
not all consumers accept a new product at the same time; adoption of a product spreads slowly throughout the population.
 The key idea behind diffusion of innovation is that Multiple Choice

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!