Which of the Following Is NOT One of the Five

question 140

Multiple Choice

Which of the following is NOT one of the five groups in the diffusion of innovation curve?

• A) Innovators.
• B) Non-adopters.
• C) Late majority.
• D) Early majority.
• E) Early adopters.

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Definitions:

Economic Conditions

The state of an economy at a given time, including variables such as inflation, unemployment rates, GDP growth, and consumer spending patterns.

Creative Destruction

A concept in economics introduced by Joseph Schumpeter, describing the process by which innovation renders existing products or services obsolete, leading to economic growth.

Pure Competition

Characterizes a market situation where many sellers offer identical products, leading to a scenario where no single buyer or seller can influence the market price.

Consumer Surpluses

The variation between what buyers are interested in paying for a merchandise or service and the real cost they incur.