Identify and describe the stages in the adoption process of a new product
What will be an ideal response?
Consumers go through five stages in the process of adopting a new product. In the awareness stage, consumers become aware of the new product but lack information about it. Then, consumers seek information about the new product in the interest stage. In the evaluation stage, consumers consider whether trying the new product makes sense. Consumers try the product on a limited basis in the trial stage. Finally, consumers decide to make full use of the product in the adoption stage.
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A common rule of thumb is that a company's acid-test ratio should have a value near or higher than 1 to conclude that a company is unlikely to face near-term liquidity problems.
Answer the following statement true (T) or false (F)
Brian buys and sells investment securities for his clients. Brian also decided to become a licensed life insurance agent to better serve his customers
While Brian's primary focus is buying and selling financial securities for his clients in exchange for commissions, he also earns commissions on his life insurance sales. Brian is a(n) A) direct writer. B) stock broker. C) insurance broker. D) personal-producing general agent.
____________________ is an economic system based on government ownership.
Fill in the blank(s) with the appropriate word(s).
A buyer and a seller would like to enter into a contract for the sale of goods. In his offer the buyer does not specify a price. The seller agrees with the arrangement
a. under Article 2 there is a contract if the parties have done business before; price never need be specified in such instances b. under the common law of contracts, but not the UCC, there is a contract because the parties intended to enter into a binding agreement even in the absence of the price term c. there can be no contract under Article 2 or the common law when a major term is missing d. there is no contract under Article 2 because "some of the offer's major terms were omitted or were simply left open for determination later" e. none of the other choices