When a Product Is First Introduced, the ________ Consider Purchasing

question 12

Multiple Choice

When a product is first introduced, the ________ consider purchasing it to be risky because it is new. After a relatively small but not insignificant number of consumers purchased the product (and probably after the price has gone down) , they conclude that purchasing the product is wise.

• A) innovators
• B) early adopters
• C) early majority
• D) late majority
• E) laggards

Acknowledge the importance of equitable compensation strategies to prevent organizational issues.

Recognize the significance of life-cycle and non-monetary benefits in employee satisfaction and retention.

Understand the significance of legislation on employee benefits and retirement plans.

Recognize the impact of compensation strategies on organizational efficiency and employee turnover.