Ask Question
BusinessBusiness
7 February, 00:42

Fred is a 45-year-old man. He has an analog television without a satellite connection. His savings are low. Therefore, he does not wish to switch to a digital television until the old one breaks down. Which of the following adopter categories best describes Fred?

A. Innovators

B. Early adopters

C. Laggards

D. The early majority

+2
Answers (1)
  1. 7 February, 04:41
    0
    Answer: Option C

    Explanation:

    The customers are categorized based on their time of adoption to a new product. Innovators are the first people to try the product they are few in the market. Early adopters based on the opinion of the people move to new products in the market. Early majority is a large group of people who move on with new products seeing that is the latest product and that the product which they use may become obsolete.

    Laggards are the last group of people who adopt to new products. Laggards are traditional people who would like to go by old ways. Fred is a laggard who has low income and does not wished to switch to new digital technology.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Fred is a 45-year-old man. He has an analog television without a satellite connection. His savings are low. Therefore, he does not wish to ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The realities of international marketplace and the recognition of the importance reducing uncertainty have persuaded many courts: I. To accept choice of law and forum clauses in international contracts II.
Answers (1)
While many projects may have a primary deliverable such as a house, almost all projects have additional deliverables such as documentation and customer support. true/false
Answers (1)
Market competition doesn't eliminate scarcity. True False
Answers (1)
Prepare the adjusting journal entries for the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.
Answers (1)
Selecting the right people is important for all of the following reasons except? A) reaching organizational goals B) making organizational effectiveness decline C) keeping departmental morale high D) keeping employees motivated
Answers (1)
New Questions in Business
Interest rates generally reflect the potential elects of initation the level of risk in an investment the real value of the investment the amount of money invested
Answers (1)
What is a variable expense? A. An expense that is the same during some months, and different during other months. B. An expense that is the same from month to month. C. An expense that is different from month to month. D. None of the above.
Answers (2)
Calculator Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6; the unit contribution margin for Model P-4 is $14. Each model must spend time on a special machine.
Answers (1)
If US workers can produce everything in less time than Mexican workers, it is not possible for the US to gain from trade with Mexico. True/False
Answers (1)
A variable cost remains constant per unit at various levels of activity. a. True b. False
Answers (1)
Home » Business » Fred is a 45-year-old man. He has an analog television without a satellite connection. His savings are low. Therefore, he does not wish to switch to a digital television until the old one breaks down.
Sign Up Forgot Password?