Depending on the Length of Time It Takes Them to Adopt

question 46

Multiple Choice

Depending on the length of time it takes them to adopt a new product, people can be divided into five major adopter categories: early adopters, early majority, late majority, laggards, and

• A) late adopters.
• B) non-adopters.
• C) innovators.
• D) middle adopters.
• E) middle majority.

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Definitions:

Assets

Economic resources or owned items of value that an individual, corporation, or country possesses, expected to provide future benefits.

Money Supply

The overall pool of money within an economy at a certain time, including all forms of cash, coinage, and funds in checking and savings accounts.

Spanish Currency

The Euro, which is the official currency of Spain, part of the Eurozone countries that have adopted the euro (€) as their legal tender.

Commercial Banks

Financial institutions that provide a range of services such as accepting deposits, lending money, and offering investment products.