The ________ Diffusion of Innovation Group Is Crucial Because Few

question 3

Multiple Choice

The ________ diffusion of innovation group is crucial because few new products can be profitable until this large group buys them.

• A)innovator
• B)laggard
• C)late majority
• D)early majority
• E)early adopter

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Definitions:

Monthly Cash Expenses

The total amount of money spent by a business in cash within a month for operational and administrative purposes.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible into known amounts of cash and have original maturities of three months or less.

Financial Statements

Reports that provide an overview of a company's financial condition, including income statement, balance sheet, and cash flow statement.

Petty Cash Fund

A modest cash reserve used for quick payments for assorted trifling expenses.