Which of the following statements is true in the context 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 customers not being familiar with product benefits.
E)They enjoy the abundance of complementary products that help increase sales.

Question

Quizplus · Accepted Answer

Embryonic industries are those that are still in their early stages of development and often face the challenge of customers not being familiar with the product or its benefits. This lack of customer awareness can make it difficult for embryonic industries to attract customers initially.

Which of the Following Statements Is True in the Context