Leon Is Not Very Quick to Purchase Innovative Products When

question 112

Multiple Choice

Leon is not very quick to purchase innovative products when they come out,but after a while he breaks down and buys if after most of his friends have bought it.He gets most of his information from them when he decides to buy something.He is very skeptical of marketing,so he trusts his friends more than anything.Leon is best described as a(n) :

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

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Definitions:

Environmental Awards

Recognitions given to individuals, organizations, or businesses for significant contributions to the preservation and sustainability of the environment.

EPA Fine

Penalties imposed by the Environmental Protection Agency for violations of environmental laws and regulations.

Litigation

The process of taking legal action in court to resolve disputes between parties.

Quick Ratio

A liquidity ratio that measures a company's ability to meet short-term obligations with its most liquid assets, calculated as (Cash + Marketable Securities + Receivables) / Current Liabilities.