What are the differences between innovators and early adopters?
What will be an ideal response?
Innovators are more willing to take on risk; early adopters are opinion leaders in their communities and adopt new ideas early but carefully.
Business
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If the demand for a particular housing style increases, the principle of supply and demand indicates
A) the price will likely decrease. B) the supply will immediately increase. C) the price will likely increase. D) affordability will prohibit any change in price.
Business
Sunk costs are cash outlays that have already been made and therefore have no effect on the cash flows relevant to the current decision
Indicate whether the statement is true or false
Business