Which of the Following Is True About the Innovation Diffusion

question 16

Multiple Choice

Which of the following is true about the innovation diffusion process in Asia?

• A)Japan has a high-context culture with a relatively homogeneous population.
• B)Because risk avoidance is a cultural value, there are fewer innovators in Asia than in the United States.
• C)Once innovators in Asia have tried a product, early adopters and the early majority quickly follow suit.
• D)After a new product has achieved success in one Asian market, it is likely to be adopted in other Asian markets at an even faster rate.
• E)all of the above are true

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Definitions:

Stockout

A situation in retail or supply chain management where the inventory of a particular item is completely depleted, leading to an inability to meet customer demand.

ABC Analysis

A method for classifying inventory items based on their importance, such as their sales volume or value, to prioritize management focus.

On-Hand Inventory

The amount of inventory physically present and immediately available in a warehouse or location at any given time.

Annual Dollar Volume

The total amount of money a product or service generates in sales over the period of a year.