John,a Product Manager,decides to Adopt to a New Strategy to Improve

question 17

Multiple Choice

John,a product manager,decides to adopt to a new strategy to improve the quality of products served by his company.He also has the additional responsibility of convincing his team members to use the new strategy.In the context of innovation adopters,John is an example of a(n) :

• A)laggard.
• B)early adopter.
• C)early majority.
• D)late majority.

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Definitions:

Term

In finance, it refers to the length of time until a loan's maturity. In general, it can mean a period or condition stipulated in an agreement.

Higher Rate

A term that generally indicates a rate (of interest, tax, etc.) that is above the normal or average level.

Capital Goods

Long-term assets that are used in the production of other goods and services, such as buildings, machinery, and equipment, which are not consumed in the production process.

Borrows

refers to the act of obtaining money, goods, or services in exchange for a promise of future repayment.