New Products or Services Entering the Marketplace Are Called

question 3

Multiple Choice

New products or services entering the marketplace are called:

• A) breakthroughs.
• B) diffusion styles.
• C) innovations.
• D) adoption potentialities.

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Definitions:

Lump-Sum Tax

A tax that is the same amount for every person.

Deadweight Loss

A cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.

Ability-To-Pay Principle

A principle in taxation that holds that taxes should be levied according to an individual's or entity's capacity to pay.

Financial Burden

A financial burden is a substantial monetary load that may come in the form of debt, high costs, or other financial obligations that affect an individual's or entity's budget or financial well-being.