NEED URGENT! In a market for a new product, the coefficient of innovation is 0.04 and the coefficient of imitation is 0.2. The overall size of the market is 40000. If 1600 people adopted the product in first year and 1843 people adopted the product in second year, calculate the residual consumers who are yet to adopt the product at the begining of third year. a. 40,000 b. 36,557 c. 38,400 d. 34,128 In Bass diffusion model, if p=0.2, q=0.3 and M=20000, calculate the cumulative number of people adopting the product at the end of first year. a. 8160 b. 4160 c. 4000 d. 3817 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
NEED URGENT! In a market for a new product, the coefficient of innovation is 0.04 and the coefficient of imitation is 0.2. The overall size of the market is 40000. If 1600 people adopted the product in first year and 1843 people adopted the product in second year, calculate the residual consumers who are yet to adopt the product at the begining of third year. a. 40,000 b. 36,557 c. 38,400 d. 34,128 In Bass diffusion model, if p=0.2, q=0.3 and M=20000, calculate the cumulative number of people adopting the product at the end of first year. a. 8160 b. 4160 c. 4000 d. 3817 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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NEED URGENT!
In a market for a new product, the coefficient of innovation is 0.04 and the coefficient of imitation is 0.2. The overall size of the market is 40000. If 1600 people adopted the product in first year and 1843 people adopted the product in second year, calculate the residual consumers who are yet to adopt the product at the begining of third year.
a. 40,000
b. 36,557
c. 38,400
d. 34,128
In Bass diffusion model, if p=0.2, q=0.3 and M=20000, calculate the cumulative number of people adopting the product at the end of first year.
a. 8160
b. 4160
c. 4000
d. 3817
Note:-
- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- Answer completely.
- You will get up vote for sure.
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