In a given market, key technology no longer has patent protection, experience is not an advantage, and there is a growing need to compete on price. What stage of its life cycle is the market in?
A. maturity
B. growth
C. decline
D. introduction
Answer: A
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Brasilia, a real estate broker licensed only in Connecticut, con¬cludes a land sale in Delaware. She can
a. collect the commission if it has not been paid. b. keep the commission if it has already been paid. c. foreclose on the property to obtain any unpaid amount. d. not collect the commission, keep it, or foreclose on the property.
Acceptance of goods precludes the buyer or lessee from exercising the right of rejection
Indicate whether the statement is true or false
A person's own belief system that tells him or her what to do if or when the laws and/or any pertinent codes of values are silent is termed ________.
A. association B. personal ethic C. business ethic D. reputation
The law requires parties to be fair and reasonable in the making of a contract
Indicate whether the statement is true or false