The Term "Early Adopters" Refers to

question 234

Multiple Choice

The term "early adopters" refers to

• A)firms that are the first to implement a new technology that is used to produce new goods or services.
• B)book clubs that are first to recommend best-selling books to their members.
• C)consumers who respond quickly to fads, seasonal changes, etc.
• D)consumers who are willing to pay high prices to be among the first to own new products.

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Definitions:

Demand Deposits

Bank accounts from which deposited funds can be withdrawn at any time without any advance notice to the bank.

Treasury Bills

Short-term government securities issued at a discount from the face value and maturing in a year or less, representing a secure, low-risk investment option.

Credit Card

A Credit Card is a payment card issued by financial institutions that allows cardholders to borrow funds within a pre-approved limit for purchases or cash advances.

Price Stability

A situation in which prices in the economy do not change significantly over time, avoiding inflation and deflation.