Examlex
Which of the following is the most significant disadvantage of starting a business from scratch?
Laggard
An individual or entity that is slow to adopt new technologies, ideas, or practices, often trailing behind the majority in terms of innovation adoption.
Rotary-dial Telephone
An early type of telephone using a rotating dial to input numbers, prevalent before the introduction of touch-tone dialing.
Late Majority
A group of consumers who adopt a new product or technology after the average member of society, showing skepticism towards new innovations.
Microwave
An electric appliance that uses microwave radiation to heat or cook food rapidly, common in kitchens for its convenience.
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