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On the Diffusion of Innovation Curve, the Late Majority Is

question 129

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On the diffusion of innovation curve, the late majority is the final group of buyers who like to avoid change and rely on traditional products until they are no longer available.


Definitions:

Eminent Domain

The right of a government to expropriate private property for public use, with compensation.

Zoning Rights

Legal regulations that determine how land within certain areas can be used, affecting building and development.

Community Property

A legal concept used in some states that dictates that property acquired by either spouse during the marriage is owned equally by both spouses.

Easement

A right granted to use another person's property for a specific purpose, such as right of way.

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