The first step in the breakdown approach is developing a general economic forecast for a specific time period. Which of the following is the second step?
A. Estimating market potential based on this forecast
B. Estimating how much of a product a potential buyer in a specific geographic area will purchase
C. Conducting a competitive assessment based on this forecast
D. Determining the cost estimates involved
E. Analyzing historical sales data for trends
Answer: E
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Which of the following is most likely to appear on the responsibility report for a manufacturing production supervisor?
A) direct labor costs B) factory rent C) advertising costs D) depreciation
Which of the following is true of an S corporation?
A) The corporation can have no more than 100 shareholders. B) Only foreign corporations with more than 10 shareholders can be an S corporation. C) They are taxed at the corporate level. D) The corporation must be a member of an affiliated group of corporations.
Midway, Inc. has seen most of its competitors drop out of its product-market due to declining industry sales and profits. But Midway still has considerable demand for its product from a small group of loyal customers. This product-market is in which product life-cycle stage?
A. market growth B. sales decline C. market introduction D. market development E. market maturity
Explain why the modes of entry into an international market are a major issue for managers to consider.
What will be an ideal response?