Briefly Explain the Use of the P-Card

question 4

Essay

Briefly explain the use of the p-card.

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Definitions:

Diffusion of Innovation

A theory that seeks to explain how, why, and at what rate new ideas and technology spread through cultures.

Product Adoption

The process by which consumers start to use a new product or service, influencing its market penetration and success.

Fashion Product

An item associated with the fashion industry, including clothing, accessories, and footwear, that is designed to meet current trends and consumer demand.

Product Life Cycle

The stages a product goes through from development and introduction to the market, through growth and maturity, and eventually into decline.