The Diffusion of Innovations Process Describes the Process by Which

question 66

Multiple Choice

The diffusion of innovations process describes the process by which _______.

• A)a product evolves in the new product development process
• B)a new idea spreads through a company over time
• C)a new product spreads throughout a market over time
• D)a new idea is accepted by the competition

---

Definitions:

Risk Involved

The potential for losing something of value or the possibility of a negative outcome in a given decision or action.

Loan Interest

The cost paid by the borrower to the lender for the use of borrowed money, typically expressed as an annual percentage of the loan amount.

Loanable Funds

Refers to the funds available for borrowing in the financial markets, determined by the savings of households and organizations.

Public Debt

The total amount of money owed by the government to creditors, often as a result of borrowing to finance public spending.