The Innovation Diffusion Theory Adopter Type Which Offers the Greatest

question 15

Multiple Choice

The Innovation Diffusion Theory adopter type which offers the greatest relative benefit versus cost to implement is best described as:

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

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Definitions:

Noncontrollable Costs

Costs that cannot be influenced or altered by the actions of a manager or business unit, often determined by external factors.

Variable Costs

Costs that change in proportion to the level of goods or services that a business produces, such as raw materials and labor expenses.

Fixed Costs

Expenses that remain constant for a specific period regardless of changes in the volume of production or services provided.

Budget Reports

Financial documents that compare actual financial results to the projected budget over a specific period, often used for tracking financial performance and planning.