Asked by Joshua Murray on May 26, 2024

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Why are most consumers characterized as early or late majority adopters?

Early Majority

A group in the technology adoption lifecycle that represents consumers who adopt new technology or products after a new concept has been proven by the innovators and early adopters.

Late Majority

A classification in the technology adoption lifecycle representing consumers who adopt new technology or innovations after the average member of the population.

Adopters

Individuals or entities that begin using a new product or technology, often categorized by their willingness to embrace new innovations.

  • Recognize the different categories of adopters in the process of product adoption, outlining their traits and incentives.
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aaliyah mogajiJun 02, 2024
Final Answer :
Approximately 68 percent of consumers are early or late majority adopters. Early majority consumers take more time making a decision on purchasing a new product and collect more information than innovators and early adopters when making their decision. Late majority adopters rely on others (innovators and early adopters)for information when making their decision. Both of these adopter types have a longer consumer decision-making process, and acquire more information, especially seeing others purchase and use a new product, before making the purchase decision.