There Are Several Reasons a Consumer Would Be Reluctant to Adopt

question 98

Multiple Choice

There are several reasons a consumer would be reluctant to adopt a new product. For example, a consumer might be reluctant to adopt a new product because of a psychological barrier, which occurs when

• A)there is no incentive to change.
• B)there are physical, economic, or social risks.
• C)there are cultural differences.
• D)the financial commitment is too great.
• E)the product is not consistent with existing habits.

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Definitions:

ICJ

Stands for the International Court of Justice, which is the principal judicial organ of the United Nations, responsible for settling legal disputes between states and giving advisory opinions.

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among the world's nations.

NAFTA

The North American Free Trade Agreement, an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.

Trade Barriers

Restrictions imposed by a government on international trade, often to protect domestic industries from foreign competition.