There Are Several Reasons Why a Consumer Would Be Reluctant

question 128

Multiple Choice

There are several reasons why a consumer would be reluctant to adopt a new product.For example,a consumer might be reluctant to adopt a new product because of a risk barrier,which occurs when __________.

• A)there is no incentive to change
• B)there are physical,economic,or social fears
• C)there are cultural differences
• D)the financial commitment is too great
• E)the product is not consistent with existing habits

---

Definitions:

Deferred

This refers to items or transactions that are postponed or delayed to a future date for accounting purposes.

Percentage-of-Completion Method

An accounting technique used to recognize revenue and expenses of long-term projects proportionally to the work completed to date.

Long-Term Contracts

Agreements that establish the terms for ongoing services or project work that lasts over an extended period, often involving incremental delivery and payment schedules.

Contract Loss

A financial loss encountered in a contract when the total costs exceed the revenue earned from the contract, typically recognized in construction or long-term projects.