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1. Definition
2. Stages of Adoption Process
3. Adoption Curve
4. Uses of Adoption Curve
5. Dependent Factors for the Speed of Adoption
6. Classification of Target Group in Adoption
Process
ADOPTION PROCESS
Is the mental and behavioural procedure an
individual consumer goes through when
learning about and purchasing a new product.
EARLY MAJORITY
LATE MAJORITY
- Forms 34% of the Target Market.
- will use new ideas or products only majority using it.
Skeptic People.
- Less Cosmopolitan, responsive to change.
- includes people with lower economic and social status.
CATAGORISATION OF ADOPTERS -
CONTINUATION
LAGGARDS
- Traditional People
- Love to stick to ‘ Old Ways’.
- critical about new ideas and will only accept if
the idea
( new ) has become mainstream.
- Forms 16% of the Target Market.
Price conscious
Suspicious of Change.
People of Low income group and status.
Conservative
Do not adopt a product until it reaches maturity.
USES OF ADOPTION CURVE
Consumer Traits