Which of the following statements accurately brings out the difference between technology enthusiasts and early adopters?
A. While the customer segment in the introduction stage consists of early adopters, the customers entering the market in the growth stage are technology enthusiasts.
B. Unlike technology enthusiasts, early adopters' demand is fueled more by intuition and vision rather than technology concerns.
C. While early adopters make up the smallest market segment, technology enthusiasts make up the mass market.
D. Firms need to communicate products' potential applications in a more direct way when attracting technology enthusiasts rather than early adopters.
The compact disk (CD) industry is in the maturity phase of its industry life cycle. What conditions prevail for an industry in this stage?
A. The type of buyers at this stage will be early adopters.
B. The mode of competition at this stage will be based on non-price factors.
C. The market growth is positive or high at this stage.
D. The industry structure is an oligopoly with only a few large firms.