Buyers Who Enjoy Taking Risks, Are Regarded as Knowledgeable, and Are

question 80

Multiple Choice

Buyers who enjoy taking risks, are regarded as knowledgeable, and are not price sensitive are called:

• A)laggards.
• B)innovators.
• C)early adopters.
• D)early majority.
• E)late majority.

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Definitions:

High Tariffs

Elevated taxes imposed on imported goods, intended to protect domestic industries by making foreign products more expensive.

Trade Deficit

A situation in which a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.

Wildlife Preserves

Protected areas dedicated to the conservation of animals, plants, and their natural habitats, ensuring biodiversity and ecological balance.

Free Traders

Individuals or entities advocating for minimal restrictions on international trade and for reducing or eliminating trade barriers.