LAGGARDS or NON-ADOPTERS

question 331

Multiple Choice

LAGGARDS or NON-ADOPTERS:

• A) are usually the smallest businesses with the least specialization.
• B) tend to be older and less well educated.
• C) rely mainly on other laggards for information.
• D) are suspicious of new ideas.
• E) All of the above.

---

Definitions:

Mean Reversion

The financial theory suggesting prices and returns eventually move back towards the mean or average.

Economic Profits

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.

San Diego

A coastal city in the U.S. state of California, known for its beaches, parks, and warm climate.

Nashville

The capital city of the U.S. state of Tennessee, known for its vibrant music scene, particularly in country and western music.