Business firms in the late majority group
A) are willing to take the risk of doing something new.
B) tend to be older and less well educated.
C) are the smallest businesses with the least specialization.
D) tend to be highly specialized.
E) tend to be conservative, smaller-sized firms with little specialization.

Question

Quizplus · Accepted Answer

The late majority group tends to be conservative and reluctant to adopt new ideas. They are also smaller-sized firms with little specialization. Therefore, option E is the best choice. Option A is incorrect because the late majority group is not willing to take risks. Option B and C are incorrect because the late majority group includes businesses of all ages and sizes. Option D is partially correct but does not cover all aspects of the late majority group.

Business Firms in the Late Majority Group