Even if they succeed,all consumers do not adopt new-to-the-world products at the same time.

Question

Quizplus · Accepted Answer

This is true as consumer adoption of new products varies and can be affected by factors such as product awareness, perceived benefits, and personal preferences. The diffusion of innovation theory suggests that adopters can be categorized into different groups, such as innovators, early adopters, early majority, late majority, and laggards, based on the time it takes for them to adopt a new product.

Even If They Succeed,all Consumers Do Not Adopt New-To-The-World Products