Question

One of the reasons for slow growth in market demand for new products an embryonic industry can be lack of

Answer 1

One of the biggest reasons for the slow growth in the embryonic industries are poor quality of goods and services.   Lesser quality of products would not generate the required demand in the market.   This gives an opportunity to the competing firms to grab a bigger share of the market.   To recover lost demand, a company must focus on maintaining a standard quality of goods and services.

Answer 2

One of the reasons for slow growth in market demand for new products an embryonic industry can be a lack of complementary products to increase the value of the product for customers.

Explanation:

• The slow growth in market demand for new products of an embryonic industry is due to a number of reasons.  

• It could be due to poor quality of products and not so good performance of the products. The customers are also unsure and not familiar with the products.  

• Unorganized distribution channels are not able to get the products to the right markets and customers on time.  

• The production cost is very high due to the small volumes of the products to be sold.

Learn more about market demand

Why market demand curve is flatter than individual demand curve?

https://brainly.in/question/509639

Why market demand curve is flatter?

https://brainly.in/question/8939482