What Is the Practice of Keeping a Product Generic as Long

question 92

Multiple Choice

What is the practice of keeping a product generic as long as possible before customizing?

• A) postponement
• B) keiretsu
• C) vendor-managed inventory
• D) forward integration
• E) backward integration

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Definitions:

Late Majority

A segment of a product adoption cycle referring to individuals who adopt new technology or products after the average member of society.

Diffusion of Innovation

A theory that explains how, why, and at what rate new ideas and technology spread through cultures, from early adopters to the broader population.

Laggards

Individuals or groups that are last to adopt an innovation or change, typically resistant to alterations in status quo.

Diffusion of Innovation

A concept aiming to understand the manner, reasoning, and speed at which cultures adopt new innovations and technological advancements.