Early Adopters, Compared to Innovators

question 227

Multiple Choice

Early adopters, compared to innovators:

• A) Adopt a new idea earlier.
• B) Tend to have greater contact with salespeople.
• C) Rely more heavily on scientific or impersonal information sources.
• D) Are more willing to take risks.
• E) Are infrequently opinion leaders.

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Definitions:

Efficient Level

The level of output where a firm or economy is maximizing its productivity and minimizing waste within its resources.

Tax

An obligatory financial contribution or different kind of levy enforced on an individual or entity by a government agency for the purpose of funding government activities and diverse public costs.

Total Damage

The cumulative harm or loss resulting from an event or series of events, often used in the contexts of legal claims or environmental impacts.

Market Level

Refers to the overall condition or status of a market, including factors like total supply, demand, price levels, and market participants.