How Quickly a New Product Will Be Accepted by Customers

question 107

True/False

How quickly a new product will be accepted by customers and how quickly competitors will follow with their own version of a product are important factors when planning the best strategy for a new product.

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Definitions:

Orientation

The introduction and acclimatization process to new information, environments, roles, or systems.

Group Cohesion

The extent to which members of a group stick together and remain united in pursuit of common goals and objectives.

Behaviors

The actions or reactions of an individual or group in response to external or internal stimuli.

Group Leader

An individual within a group who is responsible for guiding, coordinating, and motivating group members towards meeting the group's objectives.