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:

Holding Out

The act of not agreeing or yielding in a negotiation or discussion, with the aim of achieving a more favorable outcome.

Sanctioned

Given authoritative approval or permission; also can mean subjected to a penalty for wrongdoing.

Third Party's Expertise

The specialized knowledge or skill possessed by an external individual or entity, which can influence or contribute to a situation or negotiation.

Procedural Nature

Describes the characteristic of being based on or adhering to established procedures or methods.