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Growth in car ownership in China is anticipated to explode in the next 20 years. This will, for many Chinese, involve purchasing and owning a car for the very first time. See Chapter 7, in terms of adoption of innovation for these first-time buyers. Do you think the values and desires of later adopters in China will be different from the 5 percent who currently own cars? Justify.
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VerifiedAnswered 2 years ago
Answered 2 years ago
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1 of 3The values and desires of the later adopters will be different from the innovators who already have their own vehicle in China since the former will be much more skeptical and will seek to take fewer risks than the innovators.
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