Early adopters in the business world face a high level of risk because they use a product or technology that may not be perfect.
Early adopters often pay more for the privilege of trying a product first.
Early adopters may enjoy a period of prestige as they are the first to own a new form of technology, but they also face a high chance that the equipment or services they use will become obsolete.
Early adopters often become opinion leaders or influence new technology because they are the first to use it and provide feedback.
The early user is one of the five stages of technology adoption. The rest are innovators, early majority, late majority and laggards.
Evaluation costs are the fees a company pays for discovering defects in its products before they are delivered to customers; they are a form of quality control.
The articles of association can be seen as a user manual for the company, defining its purpose and outlining the methodology for carrying out the necessary day-to-day tasks.
When a company or government agency buys or leases existing manufacturing facilities to launch new manufacturing activities, this is called an investment in existing facilities.
The Code of Ethics sets out the ethical principles of the organization and the best practices to be followed with respect to honesty, integrity and professionalism.