In the Adopter Categories,the Final 16 Percent to Adopt Are

question 11

Multiple Choice

In the adopter categories,the final 16 percent to adopt are similar to innovators in that they do not rely on the norms of the group but are independent because they are tradition-bound.They tend to have the lowest socioeconomic status,are suspicious of new products,and are alienated from a rapidly advancing society.They are called:

• A) generics
• B) late majority
• C) decliners
• D) laggards
• E) late diffusers

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Definitions:

Gross Profit

The difference between revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Selling Expenses

Expenses that are incurred directly in the selling of merchandise.

Periodic Inventory

A system in which the inventory is physically counted at certain periods and the cost of goods sold is calculated thereafter.

Computerized Accounting Systems

Digital systems that manage, record, and process financial transactions using software, thereby improving accuracy and efficiency.