What Is Diffusion of Innovation

question 74

Multiple Choice

What is diffusion of innovation?

• A) It is the creation of an entirely new product for an unexplored market.
• B) It refers to the number of similar products that are in the market.
• C) It is the spread of a product through the population.
• D) It is the degree of innovation that an organization possesses.

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Definitions:

Price Of Acorns

The monetary value assigned to acorns, which can vary based on factors like demand, supply, and usage in markets or ecosystems.

Commodity Bundle

A specific combination of goods or services that is considered as a single entity in economic analysis or transactions.

Price Of Peaches

The market value assigned to peaches, which can fluctuate based on factors such as demand, supply, quality, and seasonal availability.

Price Of Pears

The market value at which pears are sold, varying based on factors like quality, seasonality, and availability.