Mahim Products has a division that generated $10,000,000 in sales and operating income of $1,700,000 on average operating assets of $6,000,000. The company's management team expects division managers to generate sufficient income to guarantee a minimum return of 30 percent.
Required:
Definitions:
Early Adopters
Individuals or businesses who are among the first to acquire and use new technologies or products, often serving as influencers for later buyers.
Diffusion of Innovation
The method through which an innovation, item, or way of acting proliferates across a group or societal structure as time progresses.
Diffusion of Innovation
An idea focused on elucidating the processes, causes, and velocities at which new technologies and concepts proliferate across cultures.
Late Majority
A segment of a product adoption cycle referring to individuals who adopt new technology or products after the average member of society.
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