Which of the Following Shows the Correct Sequence of Market

question 178

Multiple Choice

Which of the following shows the correct sequence of market acceptance of a new idea, as represented in the adoption curve?

• A) Early adopters, innovators, laggards, early majority, late majority.
• B) Early majority, late majority, early adopters, innovators, laggards.
• C) Early adopters, early majority, late majority, innovators, laggards.
• D) Innovators, early majority, late majority, early adopter, laggards.
• E) Innovators, early adopters, early majority, late majority, laggards.

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Definitions:

Break-Even Point

The point at which total costs and total revenue are equal, resulting in no net loss or gain, and where the business is essentially covering all its costs.

Contribution Margin Ratio

A measure of a company's ability to cover variable costs with sales, calculated as (Sales - Variable Costs)/Sales.

Fixed Costs

Expenditures on items like rent, salaries, and insurance that stay fixed, irrespective of production or sales figures.

Contribution Margin Ratio

A financial metric that calculates the percentage of sales revenue that exceeds variable costs, contributing toward fixed costs and profit.