As personal computers became popular, the sale of typewriters decreased significantly and now typewriters are only used by a very small segment of consumers. Typewriters are in the maturity stage of the product life cycle.
Answer the following statement true (T) or false (F)
False
Typewriters are in the decline stage. Firms with products in the decline stage either position themselves for a niche segment of diehard consumers or those with special needs or they completely exit the market.
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The widespread use of RFID chips to relay information about products during distribution represents a change in the ________
A) sociocultural environment B) economic environment C) legal environment D) technological environment E) competitive environment
Prior period adjustments ________.
A. are shown on the statement of retained earnings as corrections to the beginning balance B. always increase the beginning balance of retained earnings C. must be recorded in the period in which the error occurred D. can be ignored because the financial statements have already been issued
The maintenance margin requirement is greater than the initial margin requirement
Indicate whether the statement is true or false.
Explain some of the features of the introduction stage of the industry life cycle.
What will be an ideal response?