A Difference Between Early Majority and Early Adopters Is That

question 51

Multiple Choice

A difference between early majority and early adopters is that early majority are:

• A)more likely to be opinion leaders.
• B)more eager to try new products and ideas,almost as an obsession.
• C)likely to collect more information and evaluate more brands.
• D)less likely to extend the adoption process.

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Definitions:

Entry Barriers

Obstacles that make it difficult for new competitors to enter a market, which can include high startup costs, regulation, or patent protections.

Competitive Price-searcher

A market condition where firms have some control over their pricing due to differentiated products, leading to a search for competitive prices.

Low Barriers

Conditions that make it easy for new firms to enter an industry, often leading to increased competition.

High Barriers

Referring to the substantial obstacles that prevent new competitors from easily entering an industry or market.