Which of the Following Is True About the Innovation Diffusion

question 41

Multiple Choice

Which of the following is true about the innovation diffusion process in Asia?

• A)Japan has a high-context culture with a relatively homogeneous population.
• B)Because risk avoidance is a cultural value,there are fewer innovators in Asia than in the United States.
• C)Once innovators in Asia have tried a product,early adopters and the early majority quickly follow suit.
• D)After a new product has achieved success in one Asian market,it is likely to be adopted in other Asian markets at an even faster rate.
• E)All of the above are true.

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Definitions:

Deep Discounts

Significant reductions in price offered to consumers, often to clear inventory or boost sales temporarily.

Monopolist

A single supplier in a market who has exclusive control over a product or service, often resulting in limited competition.

Comcast

An American telecommunications conglomerate that is one of the world's largest broadcasting and cable television companies.

Time Warner

A former multinational media and entertainment conglomerate headquartered in New York, which was acquired by AT&T in 2018.