The Diffusion of Innovation Theory Is Useful for Firms Because

question 39

Multiple Choice

The diffusion of innovation theory is useful for firms because it helps them:

• A)survive in a market where sales come from mostly new products.
• B)develop effective promotion, pricing, and other marketing strategies.
• C)reduce risk by diversifying into a broad portfolio of products.
• D)satisfy the needs of only the current customers.
• E)create value for their products and services.

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Definitions:

Immigration Law

The body of law that governs immigration policies, including the entry, residence, employment, and rights of foreigners within a country.

Family Reunification

A policy or process that allows immigrants to bring their immediate family members to their country of residence.

Legal Immigrants

Individuals who have been granted the right to live permanently in a country, following the legal requirements of immigration laws.

Family-Sponsored Immigrants

Individuals who are allowed to immigrate to a country based on family ties, including spouses, children, and other close relatives of citizens or legal residents.