The _____ Are the Slowest Group to Adopt an Innovation

question 64

Multiple Choice

The _____ are the slowest group to adopt an innovation, and are considered skeptics.

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

Distinguish between hearing and listening in the context of communication.

Understand the impact of nonverbal cues in communication.

Recognize methods for ensuring message clarity and effectiveness in communication.

Understand the various dimensions of product quality and their implications.

---

Definitions:

Money Supply

The total amount of money available within an economy, including cash, coins, and balances in bank accounts, which can affect inflation, interest rates, and economic growth.

Discretionary Aggregate Demand

Demand for goods and services in the economy that is influenced by government policy decisions, beyond automatic stabilizers.

Economic Tradition

The historical and cultural practices, beliefs, and philosophies that influence and shape an economy's structure, policy, and development.

Policy Rule

A guideline or protocol for economic policy that stipulates specific actions or responses to changes in economic indicators.