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:

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.

Value Of Marginal Product

describes the additional revenue generated from employing one more unit of input, such as labor or capital.

Wage Rate

The amount of compensation a worker receives per unit of time or per task performed, often expressed per hour or per piece.

Supply Of Labor

The total number of workforce hours available for work in an economy at a given wage rate.