Early Adopters of New Technology Often Achieve Higher Market Shares

question 110

True/False

Early adopters of new technology often achieve higher market shares and higher returns than later adopters of the technology.

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Definitions:

World Supply

World supply refers to the total quantity of a good or service that is available for purchase on the global market.

OPEC Countries

Nations that are members of the Organization of the Petroleum Exporting Countries, known for their significant role in global oil production and prices.

Technological Advance

The progress in scientific research and development leading to new inventions or improvements in technology that can increase productivity and economic growth.

Demand

The willingness and ability of consumers to purchase goods and services at various prices during a certain period.