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Adopters of New Products Move Through Five Stages

question 20

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Adopters of new products move through five stages.These stages begin with ________ and follow with interest,evaluation,trial,and adoption.


Definitions:

Retailing

Retailing refers to the selling of goods and services directly to consumers for personal, non-business use.

Downward-Sloping

Refers to a line or curve on a graph that moves from the upper left to the lower right, indicating a negative relationship between two variables.

Demand Curve

A chart that displays the connection between a product's price and the amount consumers are willing to purchase.

Marginal Revenue

The additional income gained from selling one more unit of a product or service.

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