Under the Concept of the Diffusion of Innovation,consumers Who Are

question 232

Multiple Choice

Under the concept of the diffusion of innovation,consumers who are deliberate adopters with many informal social contacts are called

• A) innovators.
• B) early adopters.
• C) the early majority.
• D) the late majority.
• E) laggards.

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Definitions:

Import Quotas

Limits set by governments on the quantity or value of certain goods that can be imported into a country, used to protect domestic industries.

United States

A country located in North America, consisting of 50 states and a federal district, known for its significant influence on world economy and culture.

Sugar Prices

The cost per unit of sugar, which can fluctuate based on supply, demand, and other market conditions.

Regressive Income Tax

A taxation method where the tax rate falls as the amount being taxed grows.