When microwaves were new, they often cost over $300, were huge, and had numerous settings and options. Brenda and Bart waited, concerned about potential health hazards and wishing for more choices in the market. By the time they purchased a microwave, sales of microwaves had leveled off and prices had declined significantly. Brenda and Bart were part of the ________ diffusion of innovation group.
A. early adopter
B. innovator
C. laggard
D. early majority
E. late majority
Answer: E
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Which of the following is true of a proxy election for the board of directors of a corporation?
A) Shareholders must vote for a candidate but do not have the option to allow the proxy committee to vote the shares in any way it sees fit. B) A biographical sketch of each of the candidates for the board of directors is sent to all shareholders. C) Under the National Stock Exchange rules, the proxy committee must use a ballot form to solicit proxies. D) The proxy committee sends only preferred shareholders a statement of resolutions on which the shareholders are to vote.
A Treasury strip is a type of Treasury zero-coupon bond
Indicate whether the statement is true or false.
The text's Toddler University example shows that
A. in the long run, a firm cannot make a profit without its own production facilities. B. parents are not price sensitive when it comes to assuring that their kids will get a good college education. C. a small producer can't compete effectively against large competitors. D. the needs of a target market determine the nature of the appropriate marketing mix. E. All of these answers are correct.
With an interest rate of 9%, $5,000 will grow to $10,000 in approximately
A) 8 years. B) 4 years. C) 12 years. D) 24 years.