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What model describes how sales of a new product or technology spread through a market across different categories of adopters over time?

AAnsoff Matrix
BKano Model
CPLC Model
DDiffusion of Innovations Model

Explanation

* Rogers’ Diffusion of Innovations model explains how novel ideas spread across populations.
* Five adopter categories: Innovators (2.5%), Early Adopters (13.5%), Early Majority (34%), Late Majority (34%), and Laggards (16%).
* Identifying opinion leaders among Early Adopters helps accelerate market diffusion.

Exam Relevance
  • Topic: Consumer Behavior
  • Subtopic: Innovation Diffusion
Submitted by: mcqstutor Team More Marketing MCQs →

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