Laggards make up roughly Blank______ of the market.Multiple choice question.20%10%5%16%
Question
Laggards make up roughly Blank______ of the market.
- Multiple choice question.
- 20%
- 10%
- 5%
- 16%
Solution
Breakdown the Problem
To find out the percentage of laggards in the market, we need to identify the correct option from the multiple choices provided.
Relevant Concepts
Laggards are typically referred to in the context of market adoption patterns, particularly in technology and innovation diffusion, where they represent the last group to adopt a new product or technology.
Analysis and Detail
Given the question and the multiple choices:
- 20%
- 10%
- 5%
- 16%
Verify and Summarize
In the context of the diffusion of innovations model proposed by Everett Rogers, laggards typically account for about 16% of the total market.
Final Answer
Laggards make up roughly 16% of the market.
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