Consumers Who Are Likely to Be Early Adopters of an Innovation

question 91

Multiple Choice

Consumers who are likely to be early adopters of an innovation often rely on _____ as a primary source of information.

• A) manufacturers
• B) salespeople
• C) investors
• D) producers
• E) the government

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Definitions:

Automatically

Something happening or occurring by itself, without manual intervention or external control.

Common Law

A body of unwritten laws based on legal precedents established by the courts, contrasting with statutory law.

Doctrine of Substantial Performance

A legal principle that allows a contracting party to enforce the contract even if there are minor breaches, provided substantial performance of the contract has been achieved.

Perfect Tender Rule

A principle in the Uniform Commercial Code allowing a buyer to demand a full compliance with the contract terms for goods.