Which of the Following Is One of the Characteristics of an Innovation

question 7

Multiple Choice

Which of the following is one of the characteristics of an innovation that determines the probability and speed at which an idea will be adopted?

• A) Authenticity
• B) Compatibility
• C) Multiplicity
• D) Uniqueness

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Definitions:

Factor Prices

The costs of the inputs that are used in the production of goods or services.

Production Function

A mathematical relationship describing the maximum output possible from a given set of inputs.

Units Of Output

The total quantity of goods or services produced by a company or industry in a specific period.

Junior Partner

A member of a partnership or firm who has less responsibility and usually a smaller share of the business than senior partners.