Which of the Following Statements Is True of Embryonic Industries

question 47

Multiple Choice

Which of the following statements is true of embryonic industries?

• A) They are characterized by very a high initial customer demand.
• B) They are characterized by well-developed distribution channels.
• C) They involve low production costs because of large volumes of production.
• D) They face the challenge of educating customers who are not familiar with their product benefits.
• E) They enjoy the abundance of complementary products that help increase sales.

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Definitions:

Meganational Strategy

Strategic approaches adopted by corporations to optimize their operations and market presence on a global scale, leveraging multinational presence.

Standardized Platform

A uniform technological base or set of guidelines adopted across different systems to ensure compatibility, efficiency, and consistency in operations or services.

Handicraft Shops

Retail outlets specializing in the sale of handmade goods, often emphasizing traditional or cultural craftsmanship.

Secure Payment System

A transaction method designed to protect the personal and financial information of the buyer through encryption and security measures.