Which of the Following Groups Is Likely to Be the First

question 231

Multiple Choice

Which of the following groups is likely to be the first to adopt a new product?

• A) early majority
• B) innovators
• C) late majority
• D) early adopters
• E) laggards

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Definitions:

Secondary-Line Injury

Harm caused to competitors or the market by anticompetitive practices, such as price discrimination, which affects rival businesses.

Distribution

Distribution involves the process of making goods or services available for use or consumption by consumers or businesses.

National Cooperative Research Act

Legislation that enables companies to collaborate on research and development efforts without immediately being subject to antitrust laws.

Joint Ventures

Business arrangements where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.