________ Are Typically Bound by Tradition and Are the Last

question 81

Multiple Choice

________ are typically bound by tradition and are the last to adopt an innovation.

• A) Innovators
• B) Early majority adopters
• C) Late majority adopters
• D) Laggards
• E) Impulse buyers

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Definitions:

Fixed Expenses

Costs that do not change with the level of production or sales activity, such as rent, salaries, and insurance.

Contribution Margin

The portion of sales income available to cover fixed expenses and contribute to net profit, after covering all variable expenses.

Financial Advantage

The benefit gained in financial terms, which might include profitability, revenue growth, or value creation, compared to a baseline or competitors.

Fixed Manufacturing Expenses

These are the expenses that remain constant regardless of the amount of goods produced, including rent for factory buildings or lease payments for manufacturing equipment.