Which of the Following Statements Is True of Growing Industries

question 53

Multiple Choice

Which of the following statements is true of growing industries?

• A) Innovators and early adopters have the same customer needs as the early majority.
• B) Innovators and early adopters are typically reached through specialized distribution channels.
• C) Reaching the early majority rarely requires advertising and is usually achieved through word of mouth.
• D) Companies serving innovators need to have large-scale mass production and very low prices.
• E) Companies competing in an embryonic market typically pay more attention to increasing the reliability of a product than to its performance.

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Definitions:

Depreciation

A method of allocating the cost of a tangible asset over its useful life.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period.

Accrued Fees

Accrued Fees refer to charges incurred by an entity for services performed but not yet billed or paid at the reporting date.

Adjusting Entry

An accounting record entry, created at the conclusion of an accounting cycle, that distributes earnings and expenses to their respective years.