Multiple Choice
The concept of the diffusion of innovation shows how a product "diffuses" or spreads through the population over time. The consumer population is divided into five categories of product adopters based on when they adopt (i.e., first buy) a new product. Each product adopter category has a unique profile. Consumers who are venturesome, higher educated, and use multiple information sources are called __________ product adopters.
A) innovators
B) early adopters
C) early majority
D) late majority
E) laggards
Correct Answer:

Verified
Correct Answer:
Verified
Q13: A branding strategy in which a firm
Q18: Alka-Seltzer was originally made as a hangover
Q21: What are the five shapes that a
Q22: In the late 1950s and 1960s, television
Q24: The silhouette apple image with a bite
Q25: During the introduction stage of the product
Q158: A brand name that cannot be spoken
Q172: IKEA sells a portable workbench called the
Q262: What is the difference between a brand
Q340: A _ product is one for which