If Plotted on a Cumulative Basis,the Percentage of People Adopting

question 51

True/False

If plotted on a cumulative basis,the percentage of people adopting a new product over time resembles an inverted U curve.

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Definitions:

Product Life Cycle

The stages through which a product goes from its introduction into the market, through growth and maturity, and eventually into decline.

Dynamically Discontinuous Innovations

Innovations that significantly alter the market dynamics or how consumers interact with a product or service category.

Discontinuous Innovations

Innovations that introduce a fundamental change by creating entirely new markets or revolutionizing existing ones, often disrupting the status quo.

Continuous Innovations

Ongoing updates and improvements to products, services, or processes that are aimed at sustaining competitiveness and meeting evolving market demands.