Multiple Choice
Finland-based Rapala VMC Corp.is the world's largest fishing lure manufacturer.It developed its first fishing lure-a cigar-shaped minnow-in 1962.The annual market for fishing lures in terms of retail sales is approximately $600 million.Rapala VMC garnered one-third of that amount in 2003.New lures must be introduced each year in order to stay competitive in this industry.Like other lure manufacturers,Rapala focuses on two questions in developing and making new lures: Does it work,and does it look good? Developing a new lure takes two or three years and involves extensive field testing by tournament professionals and fishing guides.At the annual fishing industry trade show in 2003,Rapala unveiled the "dream lure for the 21st century."
-Refer to Rapala.Because buyers of fishing lures want to have the newest,most technologically improved lure,most of Rapala's customers would more than likely fall into which category of adopters?
A) prompt diffusers
B) early adopters
C) early majority
D) innovators
Correct Answer:

Verified
Correct Answer:
Verified
Q37: A test market is one example of
Q63: As the marketing vice president for Vizard
Q120: When Forrest Event Marketing,Inc.started searching for new
Q121: In the early 1900s,a new product was
Q122: What three ways can test marketing cause
Q123: A company that manufactures mantels,stairways,doors,windows,and other architectural
Q126: Reynolds,the manufacturer of aluminum foil,developed plastic wrap
Q127: Typically,at the beginning of the maturity stage
Q129: What is the main goal of the
Q130: A hospital created a focus group to