The Strategy That Company Should Pursue for the First Group

question 33

Multiple Choice

The strategy that company should pursue for the first group of customers to enter the market for a new product

• A) is to wait until the customer can see the benefits and appreciate the use of the new technology.
• B) is to highlight the utility and longevity of the technology.
• C) should focus on product values such as ease of use and reliability.
• D) is to use their social influence to promote new technologies and their future vision support the diffusion of new innovations.
• E) is to compare the benefits against the costs of adopting a new product.

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Definitions:

Industrial Workers of the World

An international labor union founded in 1905, also known as the Wobblies, aimed at unifying workers in a global struggle for socialism.

Knights of Labor

An influential labor organization in the late 19th century in the United States that aimed to protect and fight for workers' rights.

Skilled Craftsmen

Workers who have specialized in a particular trade or craft through extensive training and experience.

Industrial Workers

Individuals who are employed in sectors related to manufacturing, construction, and production, often involving manual labor.