Razor Scooters Gained Instant Popularity Because Walkers and Runners Frequently

question 27

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:

Compounded Yearly

An interest calculation where the interest is added to the principal balance once a year, allowing the total amount to earn interest annually.

Economic Advantage

A benefit or gain in a financial context that gives an individual, company, or country a better position compared to others.

RRSP

Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets, aimed at retirement planning with tax benefits.

Compounded Monthly

Interest calculation method where interest is added to the principal every month, affecting the total interest earned or paid.