A Company Has Developed a New Component for a Mobile

question 27

Multiple Choice

A company has developed a new component for a mobile phone and is confident that a market can be found for the new product. What is this an example of?

• A) Market pull
• B) Innovation diffusion
• C) Technology push
• D) Process innovation

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Definitions:

Open Lands

Areas of natural, undeveloped land, often preserved for recreational, ecological, or agricultural purposes.

Foreclosed

A legal process where a borrower's right to a property is terminated, usually due to failure to meet the repayment terms of a loan secured by that property.