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.Continue Reading
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 about Industries
The American Bankers Association maintains an online search tool for consumers to look up ABA routing transit numbers. To look up an ABA number, the user enters a financial institution name and a state, at minimum. A city and a ZIP code help to refine the search.Full Answer >
Liberalization is favored because it benefits consumers with cheaper and more varied goods and services. It helps companies diversify risks and direct resources to where profits are highest. However, it can lead to job losses and hurt developing industries. Liberalization is also tied to pollution and other environmental crises.Full Answer >
Makerbot and Shapeways are some 3D printing companies that consumers can use. Other 3D-printing companies include commercial printing companies such as 3D Systems and Blue Ring Technologies.Full Answer >
Primary packaging is the layer of packaging that comes in direct contact with the product. Secondary packaging is the layer of packaging that surrounds groups of pre-packaged parts that are enclosed in the primary packaging. Each layer of packaging serves a specific function.Full Answer >