Multiple Choice
The diffusion of innovation theory is useful for firms because it helps them:
A) survive in a market where sales come from mostly new products.
B) develop effective promotion, pricing, and other marketing strategies.
C) reduce risk by diversifying into a broad portfolio of products.
D) satisfy the needs of only the current customers.
E) create value for their products and services.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: What is relative advantage? Give an example
Q34: The method of idea generation that involves
Q36: The group of buyers who enter a
Q37: Alice asks a group of people to
Q38: The later phases of the maturity stage
Q40: Personal music players that were initially released
Q42: A product such as a refrigerator will
Q43: The category of buyers who wait and
Q87: Why do many biotechnology firms license their
Q114: Explain the concept testing stage in the