Some Customers Are __________, Caring About New Developments in Their

question 66

Multiple Choice

Some customers are __________, caring about new developments in their category and seeking out new products.

• A) opinion leaders
• B) early adopters
• C) market mavens
• D) innovators

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Definitions:

Budgeted Standards

Budgeted standards represent targeted financial goals or benchmarks that a company aims to achieve within a certain period, often used in performance assessment and planning.

Raw Material

Basic substances in their natural, modified, or unprocessed states, used in the production or manufacturing of goods.

Direct Labor

The labor costs directly tied to the production of goods or services, such as wages for employees on the production line.

Direct Labor Rate Variance

The difference between the actual cost of labor per hour and the standard cost, multiplied by the total hours worked, used to assess labor cost management.