In the diffusion of innovations, adopter categories entail the classification of people or consumers depending on their willingness to try a new product. The five categories include innovators, early adopters, the early majority, the late majority and laggards.Know More
Innovators play the role of trying new ideas because they are usually venturesome. As a result, they create new products and put them on the market. Early adopters are the first people who learn about a product. This group plays an important role since other adopters come to them for advice.
Those in the early majority tend to discuss with their peers prior to making a decision about using a product. On the other hand, those in the late majority adopt the product after others have done so already. They tend to adopt a product after encountering a need. Laggards are the last people to adopt an innovation, and they usually have no opinion on a product.Learn more in Industries
The primary role of financial institutions is to provide liquidity to the economy and permit a higher level of economic activity than would otherwise be possible. According to the Brookings Institute, banks accomplish this in three main ways: offering credit, managing markets and pooling risk among consumers.Full Answer >
Agro, or agriculture-based industries deal with growing plants and food for consumer use and consumption. Three basic levels exist in agriculture businesses.Full Answer >
The U.S. Bureau of Labor Statistics states that, in 2012, the average yearly salary for dietary aides, or dietetic technicians, was $28,680. The average hourly wage was $13.79. In that year, 24,660 people in the United States were employed as dietary aides.Full Answer >
The acetate ester of cellulose is cellulose acetate. It was first synthesized from acetic anhydride and the cellulose found in wood pulp by Paul Schutzenberger in 1865.Full Answer >