A Delayed Entry into a Market with a New Technology

question 23

Multiple Choice

A delayed entry into a market with a new technology is preferred when:

• A) support by complementary goods providers is initially high.
• B) enabling technologies are initially less mature.
• C) customer uncertainty is low in the beginning.
• D) the scope for improving over previous technologies is high.

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Definitions:

Unambiguous Decisions

Decisions that are clear and definite, leaving no doubt or room for multiple interpretations.

Reinforcement

A consequence that follows an action and increases the likelihood of that action being repeated in the future.

Conditioned Responses

Behavioral reactions that have been learned through repeated associations with a specific stimulus.

Respondent Behaviors

Reactions that are automatic responses to a specific stimulus, as opposed to behaviors learned through consequence, such as in operant conditioning.