Finland-based Rapala VMC Corporation 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 2008,Rapala unveiled the "dream lure for the 21st century."
-Refer to Rapala VMC Corporation.Because buyers of fishing lures want to have the newest,most technologically improved lure,which category of adopters would most of Rapala's customers more than likely fall into?.
A) prompt diffusers
B) early adopters
C) innovators
D) early majority
Correct Answer:
Verified
Q10: The most important factor in successful new-product
Q16: Basically,all that happens in the development stage
Q17: It is considered inefficient to use concept
Q104: While developing new products is far from
Q112: The development of garlic butter-flavoured crescent rolls
Q114: Campbell's Soup has developed a line of
Q119: Finland-based Rapala VMC Corporation is the world's
Q120: Finland-based Rapala VMC Corporation is the world's
Q121: Procter & Gamble is introducing a new
Q150: Seven employees at Ferguson Fabricators are trying
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents