The Idea That If a Sufficient Number of People Adopt

question 6

Multiple Choice

The idea that if a sufficient number of people adopt the innovation,additional adoption of the innovation becomes self-sustaining,assuring future growth is known as ______.

• A)late adopters
• B)early majority
• C)reciprocal interdependence
• D)critical mass

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Definitions:

Financial Break-Even

The point at which a project or company generates enough income to cover all its financial costs, including interest and principal repayments.

Discount Rate

The interest rate that the Federal Reserve charges banks for short-term loans, also used in discounted cash flow (DCF) analysis to determine the present value of future cash flows.

Project Initial Outlay

The initial investment amount required to start a project, typically including costs such as equipment, installation, and initial operating expenses.

Break-Even Quantity

The amount of product that must be sold to cover the costs of production, resulting in neither a profit nor a loss.