Which of the Following Is the Mental Step in Consumer-Adoption

question 110

Multiple Choice

Which of the following is the mental step in consumer-adoption process where the customer starts considering whether to try the innovation?

• A) adoption
• B) trial
• C) awareness
• D) evaluation
• E) interest

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Definitions:

Accrual Basis of Accounting

A bookkeeping approach that documents income and costs at the time they are accrued, irrespective of the actual timing of cash receipts or payments.

Revenue Recognition

The principle in accounting that dictates the process and timing by which revenue is recorded and recognized on the financial statements.

Payment

The transfer of money or goods in exchange for a product or service.

Overtime Salaries

Compensation paid to employees for hours worked beyond their normal working hours, usually at a higher rate than the regular hourly wage.