Wilma Is an Older Consumer That Is Very Hesitant to Buy

question 131

Multiple Choice

Wilma is an older consumer that is very hesitant to buy new products. In fact, Wilma still has a landline phone and listens to music on a cassette deck. When asked a cell phone, Wilma responded, "Those new-fangled things are just not for me!" Wilma would fall into the ______ category of the diffusion process.

• A) laggard
• B) innovator
• C) early majority
• D) early adopter

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Definitions:

Income Summary

An account used in the closing process to combine all income and expense accounts and show the period's net income or loss.

Perpetual Inventory System

An accounting method that records purchases and sales of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Delivery Expense

This refers to the costs associated with transporting goods from one place to another, including shipping fees, freight, and packaging costs.

Contra Revenue Accounts

Accounts that are used to record reductions in revenue, such as sales returns, allowances, and discounts.