The first group to adopt new products are called innovators
<h2>Who uses a replacement product first?</h2>
Innovators are the primary people to utilize a new product.
Younger individuals with relatively high earnings who are prepared to spend above-average amounts of cash on the goods and take pleasure in being the first among their peers to buy a certain new product are more likely to be the target audience.
<h3>Who adopts new items with a lag?</h3>
The final group to test out a new product is the laggards.
They tend to be the most risk-averse and will only use a new product if it is deemed secure.
16% of the population belongs to the present group.
<h3>What are early majority and late majority?</h3>
In the technology adoption life cycle, the late majority tends to be older, less wealthy, and fewer educated than the early portions.
The younger, more tech-savvy, and financially capable early adopters and early majority value technology enough to pay money up front.
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