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What is the relationship between product life cycle and diffusion of innovation curve?
The product life cycle (PLC) describes the stages a product goes through from introduction to decline, while the diffusion of innovation curve illustrates how different groups of consumers adopt a new product over time. The PLC outlines the market performance and sales trends throughout a product's lifetime, whereas the diffusion curve highlights the adoption rates among innovators, early adopters, early majority, late majority, and laggards. Together, they help businesses understand market dynamics and consumer behavior, guiding marketing strategies and product management throughout a product's life.
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What is the relationship between the numerators of the factors and the numerators of the product?
The relationship between the factors and the product is that they are both fractions.
What is the difference between technology and innovation?
the skill and equipment use to improve the quality of product is technology and innovation is also the improvement of the product quality but in this we are not using the equipment only human skills are using in the innovation
Discuss the relationship between product and cost curves?
The product establishes the cost curve or the relationship between costs and outputs. Costs are influenced by the need and function of a certain product.
What is the relationship between marginal physical product MPP and marginal cost MC Provide an examples?
what is the relationship between marginal physical product and marginal cos
What is the relationship between the sum and product of the roots?
parallel
What is the difference between an innovation and a disruptive innovation?
An innovation is a new idea, product, or process that improves upon existing methods. A disruptive innovation, on the other hand, is a new innovation that significantly changes the way things are done in an industry, often displacing established companies and products.
Relationship between total and marginal product?
Total product is the sum of all marginal products.
What are the relationship that exist between purchasing and production?
Both are dependent a product
Why is it important to know the relationship between special product and factor?
chocolate
What is the demand relationship between price and quantity for this product?
The demand relationship between price and quantity for a product is typically inverse, meaning that as the price of the product increases, the quantity demanded by consumers tends to decrease, and vice versa. This is known as the law of demand.
What is the modification of an existing product or process?
Innovation is the modification of an existing product or process.
What is the equilibrium price of a product?
The relationship between price asked and quatity supplied.
