Which statement about products in the sales decline stage of the product life cycle is true?
A. Customers will always abandon the declining product immediately if an alternative is available.
B. Brand managers should phase out this product as quickly as possible.
C. Phasing out a product at this time is fairly easy, and this strategy will cut future losses.
D. A declining product may still be profitable for some time and it might be more appropriate to phase out this product gradually.
E. None of these statements is true.
Answer: D
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Genuine requests for information and opinion fall under the category of ________ questions
A) accusatory B) trigger C) authentic D) biased E) symbolic
___________ are acquired talents that a person develops related to specific tasks.
a. Skills b. Abilities c. Personality d. Values
Value may be increased by simultaneously increasing cost and decreasing functionality
Indicate whether the statement is true or false.
Mrs. O'Leary hired Jenna to sell her house in Michigan. She executed a power of attorney in favor of Jenna authorizing her to do "anything and everything associated with the sale of real estate, acting as a prudent person." On May 30, Jenna finalized a deal with Brandon for the purchase of the house. Brandon and Jenna signed the real estate contract that day. Jenna learned the next day that Mrs
O'Leary had died May 29. A)The contract is void since the agency terminated May 29. B)The contract is valid since the agency's purpose was achieved before Jenna was notified of Mrs. O'Leary's death. C)The contract is voidable at the option of Mrs. O'Leary's estate. D)The contract is voidable at the option of Brandon.