The _____ Are Pragmatists, Seeking Innovations That Offer Incremental, Predictable

question 29

Multiple Choice

The _____ are pragmatists, seeking innovations that offer incremental, predictable improvements on an existing technology.

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

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Definitions:

Cost Of Merchandise Sold

This is the total cost incurred to produce or acquire the goods sold by a company during a specific period.

Debit Balance

An account balance that occurs when the total amount of debits exceeds the total amount of credits in an account.

Accounts Payable

A liability account on the balance sheet, representing the company's obligation to pay off a short-term debt to its creditors or suppliers.

Sales Tax Payable

The amount of sales tax collected from customers that a business owes to the government.