Razor Scooters Gained Instant Popularity Because Walkers and Runners Frequently

question 127

Multiple Choice

Razor scooters gained instant popularity because walkers and runners frequently saw people on the scooters zipping by them and having fun.This information suggests the adoption rate of the Razor scooter was most affected by which product characteristic?

• A) complexity
• B) trialability
• C) relative advantage
• D) observability
• E) compatibility

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to assess investment opportunities.

Number of Periods

A figure representing the count of time intervals, such as months or years, in various financial calculations.

Compounded Annually

Refers to the process whereby the interest earned on an investment is added to the principal at the end of each year, and the following year's interest calculation includes the added interest from the previous year.

Annual Interest Rate

The percentage of principal charged by the lender for the use of its money expressed as an annual rate.