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Bass model assumes that the total new customers adopting a new product in a year are made up of innovators and imitators. let x1 be

Bass model assumes that the total new customers adopting a new product in a year are made up of innovators and imitators. let x1 be the innovators in year 1 and y1 the imitators in year 1. let x5 be the innovators in year 5 and y5 the imitators in year 5. Assume the even after 7 years the total number of customers adopting the new product are increasing. According to bass model, please identify the 2 correct statements.

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Here are the two correct statements according to the Bass Model x1 x5 Innovators are the early adopters who take the risk of trying a new product first As time goes on the pool of potential innovators ... blur-text-image

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