The First Group of Customers to Enter the Market for a New

question 33

Multiple Choice

The first group of customers to enter the market for a new product are called:

• A) laggards.
• B) late majority.
• C) innovators.
• D) early majority.
• E) passive shoppers.

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Definitions:

Month-end Bank Statement

A document provided by a bank summarizing the account’s activity and balances over the last month, used for reconciling the bank account.

Erroneously Charged

Refers to a financial transaction or fee that has been incorrectly applied to an account.

Outstanding Checks

Checks issued by a company that have not yet been cashed or cleared by the bank, considered in reconciling the bank statement.

Month-end Bank Statement

A document issued by a bank summarizing the transactions in an account for the month, including the final balance.