A Disadvantage of "Component Standardization" Is That It

question 20

Multiple Choice

A disadvantage of "component standardization" is that it:

• A)Increases development time.
• B)Increases development cost.
• C)Increases the difficulty of inventory management.
• D)None of these are disadvantages.

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Definitions:

Categories Of Adopters

Categories of adopters refer to the classification of individuals within a market divided by how soon they adopt a new product or innovation, often outlined as innovators, early adopters, early majority, late majority, and laggards.

Laggards

In the context of marketing and innovation, individuals who are the last to adopt new products or technologies, often resistant to change.

Late Majority

A group in the diffusion of innovation theory, representing consumers who adopt new products or technologies after the average member of society, often motivated by a desire to maintain the status quo.

Late Adopters

Individuals or groups who are among the last to use or accept new products, technologies, or ideas, often due to skepticism or resistance to change.