Arrange the following features of adopter groups of new products in the correct order of stages of adoption process : A. Skeptical B. Deliberate C. Venturesome D. Tradition bound E. Opinion leaders Choose the correct answer from the options given below :
C, E, B, A, D
The correct sequence is C, E, B, A, D — option 3.
The five adopter categories of Everett Rogers’s diffusion of innovations, each with the adjective the question uses :
| Order | Category | Share | Characteristic |
|---|---|---|---|
| 1 | Innovators | 2.5% | C — Venturesome; willing to try new ideas at some risk; cosmopolitan, financially able to absorb a failure |
| 2 | Early adopters | 13.5% | E — Opinion leaders; respected in their community, adopt early but carefully, and their judgement carries others |
| 3 | Early majority | 34% | B — Deliberate; adopt before the average person but only after weighing the evidence |
| 4 | Late majority | 34% | A — Skeptical; adopt only after the majority already has, often under social or economic pressure |
| 5 | Laggards | 16% | D — Tradition bound; suspicious of change; adopt only when the innovation has itself become tradition |
The categories are the successive segments of a normal curve of adoption over time, and their percentages are fixed by that assumption.
How to solve it without recalling the whole table. Two adjectives sit unmistakably at the ends: venturesome can only describe the first group and tradition bound only the last. Fixing C first and D last identifies option 3 at once.
Why the early adopters matter most to a marketer. Innovators are too few and too atypical to carry a market, but early adopters are opinion leaders — the majority watches them and follows. Diffusion effort is therefore concentrated on this group, and the difficulty of moving from early adopters to the early majority is the famous “chasm” of technology marketing.
The five characteristics that speed diffusion, also from Rogers: relative advantage over what it replaces; compatibility with existing values and practice; low complexity; trialability, the chance to try it in a small way; and observability, the visibility of the results to others.
Hence, the answer is C, E, B, A, D.
Marketers have traditionally classified products on the basis of three characteristics : __________ , tangibility and use.
Which one of the following can be legally protected ?
Match the items of List-I with the items of List-II and indicate the code of correct matching:
| List-I | List-II |
|---|---|
| a. Latent demand | i. More consumers would like to buy the product than can be satisfied. |
| b. Full demand | ii. Consumers may be attracted to products that have undesirable social consequences. |
| c. Overfull demand | iii. Consumers may share a strong need that cannot be satisfied by an existing product. |
| d. Unwholesome demand | iv. Consumers are adequately buying all products put into the market place. |
Codes:
Match the items of List-I with those of List-II and indicate the code of correct matching:
| List-I | List-II |
|---|---|
| a. Core benefit | i. Bed, bathroom, towel, desk and closet |
| b. Basic product | ii. Clean bed sheet |
| c. Expected product | iii. Rest and sleep |
Codes:
Which one of the following is the demand state where “Consumers dislike the product and may even pay to avoid it” ?
“The customer wants an inexpensive car”. This is an example of which one of the following type of needs ?
Assertion (A) : Marketers are increasingly asked to justify their investments in financial and profitability terms and rarely in terms of building the brand and customer base.
Reasoning (R) : Organizations recognize that little of their market value comes from intangible assets.
Code :
According to Five-Stage Model of the Consumer Buying Process, which one of the following sequence is followed ?
Which of the following category of goods and services is most likely to require an aggressive use of the selling concept ?
What are the four main components of holistic marketing ?
Arrange the following stages in the marketing process of an enterprise:
A. Marketing Mix
B. Marketing program implementation
C. Marketing planning
D. Market research
E. Control and evaluation of marketing programs
Choose thecorrectanswer from the options given below:
Which of the following is the characteristic of a product?
Which of the following is an example of durable goods?
Traditionally, marketing has been viewed as:
_______ is making it more a challenge today than ever before, to upgrade customer services to get an edge over the competitiors.