Marketing strategy planning for a product depends on where the product is in its life cycle and how fast it is moving to the next stage.

Answer the following statement true (T) or false (F)


True

Where a product is in its life cycle and how fast it's moving to the next stage affects marketing strategy planning.

Business

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In general, an incidental beneficiary has no enforceable contract rights because she was not intended to have such rights.

Indicate whether the statement is true or false

Business

An important contribution of Frederick Taylor was his

A. conclusion that management decisions were unsystematic and that no research to determine the best means of production existed. B. creation of a notion that managers desire flexibility and gave the differences between motivating groups and individuals. C. suggestion that managers who encourage participation and allow opportunities for individual challenge and initiative would achieve superior performance. D. suggestion that frontline supervisors should receive a bonus for each of their workers who completed their assigned daily tasks. E. development of a system to lower costs and increase worker productivity by showing how employees could work smarter, not harder.

Business

Sales above the breakeven point will generate a profit.

Answer the following statement true (T) or false (F)

Business

If the probability of an event is x, with , then the odds in favor of the event are x to (1 - x)

Indicate whether the statement is true or false

Business