Explain with an Example How a Successful New Product Launched

question 79

Essay

Explain with an example how a successful new product launched by a company can overcome the various factors that affect its diffusion rate with reference to the diffusion of innovation theory.

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Definitions:

Road Construction

The process of building, maintaining, and repairing roads, including activities such as excavating, paving, and installing traffic management systems.

Navigate

To plan and direct the path or course of something, especially by using instruments or maps, or metaphorically to find one's way in life or a complex situation.

Positive Reinforcement

A method in behaviorism used to increase the likelihood of a particular response by following it with the addition of something pleasant or rewarding.

Study Harder

Suggests increasing the intensity or dedication with which one engages in learning activities to achieve better academic or knowledge outcomes.