Explain the effects of the various stages of the product life cycle on product/service profitability.
What will be an ideal response?
In the introductory stage of the product life cycle (PLC), costs are high (especially marketing costs) and sales are low, so the product is generating a loss. During the growth stage, costs are decreasing (due to economies of scale and lower marketing costs) and revenues are rising quickly as more consumers purchase more of the product and competitors have not yet entered the market. The maturity stage is characterized by leveling profits as competitors enter the market, sales level off, and marketing costs increase to ward off competitors. In the decline stage, sales start to decrease, new products create additional competition, and consumers get tired of the present product.
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What can help uncover correlations and trends in data that would otherwise go unrecognized?
A. Infographics B. Data visualization tools C. Business intelligence dashboards D. Informing
Which of the following statements regarding employer liability insurance under the workers compensation insurance coverage form is (are) true?
I. Employer liability insurance covers an employee injury that occurs on the job but may not be considered work-related. II. If an injured employee sues a negligent third-party, and the third-party sues the employer for contributory negligence, the lawsuit is covered under employer liability insurance. A) I only B) II only C) both I and II D) neither I nor II
What must be proven in order to establish a prima facie case of discrimination by the NLRB?
Morgan has calculated the upper and lower limit for control limits in an chart. She doesn't have the software available to create these charts automatically, so she determines what happens to these limits if n decreases. Suppose Morgan is now using a
smaller sample size, but she has forgotten to adjust the upper and lower limits to reflect the smaller sample size. What is likely to occur as she manually plots observations on the chart?