Compatibility Is Important for Rapid Diffusion of New Products Because

question 57

True/False

Compatibility is important for rapid diffusion of new products because products that are consistent with consumers' past behaviour will be more readily accepted.

---

Definitions:

M1 Balance

The most liquid components of the money supply, including physical currency, demand deposits, and other assets that can quickly be converted to cash.

Currency

A form of currency widely accepted in a specific nation or economic setting.

Measure Of Value

A standard of value that allows the worth of various goods and services to be compared; often associated with money as a common denominator for value comparison.

Medium Of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.