________ Are Tradition Bound,suspicious of Changes and Adopt the Innovation

question 94

Multiple Choice

________ are tradition bound,suspicious of changes and adopt the innovation only when it has become something of a tradition itself.

• A)Innovators
• B)Early adopters
• C)Early majority
• D)Laggards
• E)Influencers

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Definitions:

Goods-Producing

Refers to industries or sectors of the economy that directly manufacture or produce tangible products, as opposed to providing services.

Service Companies

Businesses primarily engaged in providing services rather than goods to customers.

Location Decision

The process of determining the most appropriate geographical location for a company's operations, services, or manufacturing facilities.

Decision Areas

The key aspects or fields within an organization or endeavor that require choices to be made, shaping strategy and operations.