Innovators Are a Critical Group of New Product Adopters Because

question 108

Multiple Choice

Innovators are a critical group of new product adopters because they

• A)continue to buy the product after a new product is introduced.
• B)act as reverse engineering consultants.
• C)help with test marketing.
• D)help the product gain market acceptance.
• E)extend the product life cycle.

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Definitions:

Percentage

A proportion or part in relation to a whole, represented as a fraction of 100.

Water-Soluble Material

A substance that can dissolve in water, making it capable of being washed away or diluted in aqueous solutions.

Invention

The creation of a new product, process, or idea.

Creative Destruction

A process where new innovations lead to the demise of older economic structures and systems, fostering new growth and value creation.