Individuals Who Purchase New Products Almost as Soon as These

question 49

Multiple Choice

Individuals who purchase new products almost as soon as these products reach the market are called _____.

• A) late adopters
• B) laggards
• C) consumer innovators
• D) hesitant buyers

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Definitions:

Long-Lived Assets

Tangible or intangible resources owned by a company with a useful life extending beyond one year, such as buildings, equipment, and patents.

Sales Taxes

Taxes imposed by governments on sales of goods and services, collected by the seller.

Asset Improvements

Expenditures made to enhance the efficiency, capacity, or lifespan of an asset, leading to an increase in its value.

Ordinary Maintenance

The routine upkeep and repairs required to maintain assets in their normal operational state.