Which of the Following Statements About Growing Industries Is True

question 42

Multiple Choice

Which of the following statements about growing industries is true?

• A) Innovators and early adopters have the same customer needs as the early majority.
• B) Innovators and early adopters are typically reached through specialized distribution channels.
• C) Reaching the early majority rarely requires advertising and is usually achieved through word of mouth.
• D) Companies serving innovators need to have large-scale mass production and very low prices.
• E) Companies competing in an embryonic market typically pay more attention to increasing the reliability of a product than to its performance.

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Definitions:

Raw Milk

Milk in its natural, unprocessed state, not pasteurized or homogenized, typically sourced directly from dairy farms.

Milk Producers

Individuals or companies engaged in the production and supply of milk, often involving the raising of dairy cattle.

Price-Fixing

An illegal agreement among competitors to fix prices, restrict production, or manipulate market conditions.

Prices

The sum of money anticipated, needed, or provided as compensation for something.