What Is the First Step in the Adoption Process of an Innovation

question 6

Multiple Choice

What is the first step in the adoption process of an innovation?

• A) gaining awareness of a product
• B) understanding a product
• C) evaluating a product
• D) purchasing a product

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Definitions:

Core Competency

A defining skill or advantage that distinguishes an organization from its competitors.

Strategy Implementation

The execution phase of strategic management, wherein planned strategies are put into action to achieve organizational objectives.

Competitors

Entities or businesses that vie for the same market share within an industry by offering similar or alternative products or services.

World Trade Organization

An international organization that regulates trade between nations, aiming to ensure smooth, predictable, and free trade flows.