The First Group of Customers to Enter the Market for a New

question 31

Multiple Choice

The first group of customers to enter the market for a new product are called

• A) early adopters.
• B) first users.
• C) innovators.
• D) adventurers.
• E) initial customers.

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Definitions:

Efficiency

The optimal allocation of resources to maximize the production of goods and services.

Quota

A government-imposed trade restriction that limits the quantity or monetary value of goods that can be imported or exported during a specific time period.

Imports

Commodities or offerings sourced from outside the country and brought in for commercial sale or personal use.

European Union

A political and economic union of 27 European countries that participate in a standardized legal and regulatory system.