Growth in an Embryonic Industry Is Slow Because of Buyers

question 17

True/False

Growth in an embryonic industry is slow because of buyers' unfamiliarity with the industry's product, high prices due to the inability of companies to reap any significant scale of economies, and poorly developed distribution channels.

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Definitions:

Autonomy

The capacity and right of individuals or groups to make their own decisions independently, often associated with self-governance and freedom.

Secondary Labour Market

A segment of the job market associated with low pay, low skill, temporary or precarious employment, often lacking benefits and job security.

High-Skilled

Referring to jobs or workers that require advanced knowledge or abilities, often acquired through extensive education or specialized training.

Labour Market Segmentation

The division of the labor market into distinct sub-markets or segments, each with its own set of employment practices, job characteristics, and worker demographics, leading to unequal job opportunities and wages.