Even If They Succeed, New-To-The-World Products Are

question 104

Multiple Choice

Even if they succeed, new-to-the-world products are

• A)generally not profitable.
• B)not adopted by everyone at the same time.
• C)not capable of creating new markets.
• D)not subject to the law of first movers.
• E)typically very short-lived.

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Definitions:

Professionalization

The process of developing or elevating an occupation to a status requiring specialized knowledge and often formal qualification.

Credentials

Qualifications, achievements, personal qualities, or aspects of a person's background, typically used to indicate their suitability for something.

Occupation

A person's chosen or main vocation, job, or employment, often tied to their identity, skills, and economic livelihood.

Latent Function

A term in sociology that refers to the unrecognized or unintended consequences of any social process.