Examlex
Which of the following concentrates on reducing costs at the production phase of a product?
Diffusion Of Innovation
A theory that seeks to explain how, why, and at what rate new ideas and technology spread through cultures.
Late Majority
A group of adopters who are slower than the average participant to embrace new ideas, technologies, or products.
Innovators
Individuals or organizations that introduce new ideas, products, or methods into the market.
Early Majority
A group of consumers who adopt new products or innovations shortly after the early adopters have done so, contributing to wider acceptance and popularity.
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