The diffusion of innovation theory is useful to marketers in helping them

A. adjust to the performance life cycle.
B. determine a target market.
C. predict how long it will take for a new product to gain market acceptance.
D. avoid the cost of concept testing.
E. predict which types of customers will buy their product immediately and later.


Answer: E

Business

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Answer the following statement true (T) or false (F)

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Indicate whether the statement is true or false

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Which of the following is not one of the practices added in 2010 by the FTC to its framework for privacy?

A) Firms should build products and services that protect privacy. B) Firms should increase the transparency of their data collection. C) Firms should require consumer consent and provide clear options to opt out of data collection. D) Firms should limit the length of time that any personal data is stored to six months or less. E) Firms should adopt privacy by design.

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Taking time to establish a proper rapport with customers results in:

A) guaranteed sales B) open communication C) a faster sales cycle D) a slower sales cycle E) lower commissions

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