The Process by Which a New Idea, Object, or Practice

question 36

Multiple Choice

The process by which a new idea, object, or practice filters through various channels in a community over time is known as:

• A) diffusion.
• B) transmission.
• C) filtering.
• D) channeling.

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Definitions:

Price

The amount of money required to purchase a good or service, which can fluctuate based on supply and demand dynamics.

Production Technology

The set of processes, methods, or equipment used by firms in the production of goods or services, which affects productivity and efficiency.