_____ Prefer to Do Things the Way They Have Been

question 57

Multiple Choice

_____ prefer to do things the way they have been done in the past and are very suspicious of new ideas.

• A) Innovators
• B) Early adopters
• C) Laggards or nonadopters
• D) Late majority customer group
• E) Opinion leaders

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Definitions:

Economy

The system of production, distribution, and consumption of goods and services within a particular geographical area.

ATC Curve

Represents the Average Total Cost curve, showing the per-unit cost of production at different levels of output.

Efficient

Pertaining to a process or system that achieves maximum productivity with minimal wasted effort or expense.

Economy

Represents the system of production, distribution, and consumption of goods and services within a specific region or country.