Factors Affecting the Spread of Innovations Include

question 19

Multiple Choice

Factors affecting the spread of innovations include:

• A) marketing effort, fulfilment of felt need and compatibility.
• B) type of group, complexity and consumer roles.
• C) relative advantage, purchase involvement and type of decision.
• D) all of the given answers.

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Definitions:

Equipment

Equipment encompasses the tools, machinery, devices, or any physical items required for the performance of specific tasks or functions in various fields.

Revenue

The consolidated income from the sale of goods or services that constitute the backbone of a company's operational efforts.

Revenue Account

A Revenue Account tracks the income generated from a company’s primary operations, such as sales of goods or provision of services.

Expenses

Costs incurred in the process of earning revenue, including operational, administrative, and sales costs.