If the prospects in a product-market are poor, a firm may need a "phase out" strategy.
Answer the following statement true (T) or false (F)
True
The strategies for all stages of the product life cycle need not necessarily be growth strategies. If prospects are poor in a product market, a phase-out strategy may be needed.
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When assessing the current situation in the first step of a marketing plan, it is recommended that one ________
A) avoids making assumptions of any kind B) eliminates areas that lack factual data from the purview of the plan C) utilizes only concrete facts about the future projections and performance gaps D) generates estimates based on knowledge and experience to be modified in the future E) substitutes the data of current performance by that of the projected performance in the plan
Hillary had purchased a term life insurance policy and had nominated her mother as the beneficiary, while William, her colleague, had a universal life insurance and had nominated himself as the beneficiary
Hillary and William recently got married and wish to nominate each other as beneficiaries in their individual life insurance policies. In the context of the given scenario, which of the following statements is true? A) Hillary and William will have to purchase two new policies to nominate each other as beneficiaries. B) Hillary and William will have to seek an endorsement to make the requisite changes in their current individual life insurance policies. C) Hillary will be able to nominate William as the beneficiary, but William cannot do so because he did not enlist a beneficiary earlier. D) William will have to nominate both Hillary and her mother as beneficiaries for his insurance policy because existing beneficiaries cannot be denied coverage.
The ____ is a legal document that lists and explains the terms of the partnership.
A. co-owners' agreement B. charter C. will D. articles of partnership E. formation contract
Which of the following statements about service standardization and employee empowerment is true?
A. For every service standardized, some degree of employee empowerment is always eliminated B. There is no overlapping relationship between service standardization and employee empowerment C. Any service standardization makes employee empowerment impossible D. The use of service standardization is compatible with employee empowerment E. Service standardization is not necessary when the organization empowers its employees