An Individual Moves Through Five Stages Before Adopting a Product,including

question 7

True/False

An individual moves through five stages before adopting a product,including awareness,interest,trial,testing,and adoption.

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Definitions:

Contingency Strategy

A plan developed to address potential future events or circumstances that could negatively impact operations or success.

External Strategy

A plan of action that focuses on factors outside an organization to achieve its goals.

Dynamic Strategy

A flexible, adaptive strategy that allows an organization to respond quickly to market changes, competitive actions, and external forces.

Increasing Differentiation

A strategy where businesses aim to make their products or services stand out more distinctly from competitors'.