Which of the Following Customer Groups Represents the Leading Wave

question 25

Multiple Choice

Which of the following customer groups represents the leading wave or edge of the mass market?

• A) Early adopters
• B) Early majority
• C) Innovators
• D) Late majority
• E) Laggards

---

Definitions:

Lowest Price

The minimum price at which an item or service is offered in the market, often used as a competitive strategy.

Human Specialization

The process by which individuals focus on a narrow area of skills or knowledge, improving efficiency and productivity in economic systems.

Economy's Output

The total value of all goods and services produced within an economy over a certain period.

Creative Destruction

A concept in economics where innovation leads to the demise of older technologies or industries, driving economic growth.