Which of the Following Statements Is True of Embryonic Industries

question 47

Multiple Choice

Which of the following statements is true of embryonic industries?

• A) They are characterized by very a high initial customer demand.
• B) They are characterized by well-developed distribution channels.
• C) They involve low production costs because of large volumes of production.
• D) They face the challenge of educating customers who are not familiar with their product benefits.
• E) They enjoy the abundance of complementary products that help increase sales.

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Definitions:

Air Travel Market

The sector of the economy that deals with selling and buying of flight services among airlines and passengers.

Supply Curve

The Supply Curve is a graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.

Automobile Supply

The total inventory or production capacity for cars and vehicles available in the market at a given time.

Wage Increase

An upward adjustment in the amount of wages or salary an employee receives for their labor.