A Product That Is Perceived as New by a Potential

question 92

Multiple Choice

A product that is perceived as new by a potential adopter,whether the product is "new to the world" or simply new to the individual,is a(n) :

• A) innovation
• B) diffusion
• C) discontinuous product
• D) laggard
• E) simulated new product

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Definitions:

Venture Capital Fund

A pool of money managed by professionals that is used to invest in high-growth potential startups and early-stage companies.

High-Risk

Situations or investments where there is a high probability of loss but also a potential for more significant than average gains.

Household Savings

The portion of disposable income that is not used for consumption, but is set aside for future spending, emergencies, or investments.

Economic Loss

A situation where the cost of producing a good or service exceeds the revenue generated from its sale.