Exam 15: Consumer influence and diffusion of innovations

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When the Gillette MACH3 razor was introduced, it lacked compatibility with existing usage patterns.

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A market-oriented approach to defining innovation judges the newness of a product in terms of how quickly a new product can recoup its development costs.

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The framework for exploring consumer acceptance of new products is drawn from the area of research known as the diffusion of innovations.

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The greater the opportunity to try a new product, the easier it is for consumers to evaluate it and ultimately adopt it. This refers to:

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Which of the following is not one of the basic elements of the diffusion of innovations process?

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The degree to which a new product is capable of being tried on a limited basis defines its:

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Discontinuous innovation is:

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When a new product is first revealed to a consumer, this is the stage of the adoption process known as:

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Social risk and time risk are not part of the seven types of risk relating to the adoption of high-tech products.

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What are 'adopter categories'? Describe them in detail. What are the problems with this classification of 'adopters'?

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Interpersonal sources tend to be most valuable for creating initial product awareness; however, as the purchase decision progresses, the relative importance of these sources declines whilst the relative importance of the mass media increases.

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The Gillette MACH3 razor was adopted quickly because of its:

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The rate of adoption is concerned with how long it takes for a new product to be adopted by members of a social system.

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The study of the various stages of product acceptance or rejection is:

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Consumer publications such as Choice are more likely to be consulted when the product lacks trialability.

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The late majority of consumers in the adoption process comprise _____ per cent of the population.

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A _____ has the least disruptive influence on established patterns of consumption. It involves the introduction of a modified product rather than a totally new product.

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The acceptance of convenience food such as frozen potato chips is generally due to their ease of preparation and use. This is an example of the issue of:

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A _____ compels consumers to adopt a new behaviour pattern.

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Relative advantage is:

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