How can profits be maximized during the maturity stage of a product/service life cycle?
What will be an ideal response?
Profit during the maturity life cycle stage can be maximized by pricing to maintain market share and introducing
product/service variants to extend the life cycle.
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To improve accountability for fixed asset retirements, management most likely would implement a system of internal control that includes:
A. a level of authorization above the department initiating the retirement. B. periodic inspection of insurance policies by the internal auditors. C. periodic inquiry of plant executives by internal auditors as to whether any plant assets have been retired. D. continuous analysis of the repairs and maintenance account.
Based on the scenario, Sparkle Janitorial has used which of the following marketing communication tools?
A) public relations B) sales promotion C) sponsorship D) viral marketing E) direct marketing
Which of the following is not one of the three objectives of a quality program?
a. Product quality should be consistent to always meet the purchaser's need(s) b. Product quality should always vary because customers change their wants and needs over time. c. A quality program should give customers confidence that the intended quality will be achieved in products. d. A quality program should give management confidence that the quality is/and will be at a constant level.
Which policy is designed to aid in estate tax planning in that it can pay out at the death of the last surviving spouse?
A) Joint life B) Survivorship joint life C) Single life D) Family life