Which of the Following Statements Is True in the Context

question 35

Multiple Choice

Which of the following statements is true in the context of embryonic industries?

• A)They are characterized by very a high initial customer demand.
• B)They are characterized by well-developed distribution channels.
• C)They involve low production costs because of large volumes of production.
• D)They face the challenge of customers not being familiar with product benefits.
• E)They enjoy the abundance of complementary products that help increase sales.

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Definitions:

U.S. Demand

This term generally refers to the total demand for goods and services within the United States from all sources, including households, businesses, and the government.

Foreign Currency

Money or other forms of currency issued by governmental or monetary authorities of countries other than one's own.

Foreign Goods

Products and services that are produced in other countries and then imported into the domestic market.

Purchasing Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to determine their relative purchasing power.