Which of the following statements is true of embryonic industries?
A) They are characterized by very a high initial customer demand.
B) They are characterized by well-developed distribution channels.
C) They involve low production costs because of large volumes of production.
D) They face the challenge of educating customers who are not familiar with their product benefits.
E) They enjoy the abundance of complementary products that help increase sales.

Question

Quizplus · Accepted Answer

Embryonic industries are characterized by new and innovative products or services that are not yet widely known or understood by potential customers. As a result, these industries often face the challenge of educating customers about the benefits of their products or services.

Which of the Following Statements Is True of Embryonic Industries