Which of the following is true of product line advantage?
A) A business with a broad line of products has to be more focused in order to be cost effective in its marketing efforts.
B) It is important to expand a business's product line during the emerging stage of the product life cycle.
C) Businesses with narrow product lines are more profitable during the emerging and growing stages of a product life cycle.
D) A narrow line of products creates more selling opportunities for the sales force and channel partners.
E) It is a source of competitive advantage that is independent of differentiation advantage.
B
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Answer the following statements true (T) or false (F)
The Litigation Reform Act of 1995 requires that an audit include procedures designed to guarantee that illegal acts that would materially affect financial statements will be detected.
Managers of international companies that are attempting to develop a competitive advantage face a formidable challenge because
A. the company's mission is constantly changing. B. there are few or no alternative ways to use the company's scarce resources. C. without planning, we cannot make decisions that make good sense. D. time, talent, and money are scarce. E. resources are seldom scarce.
Expenses increase Owner's Equity
Indicate whether the statement is true or false
The defense of entrapment arises when:
a. a law enforcement official induces a person to commit a crime whether that person, under ordinary circumstances, would have done so or not. b. any person induces any other person to commit a crime when the person induced would not ordinarily have done so. c. a police officer or other government official or agent acts to induce an individual to commit a crime when that individual would not ordinarily have done so. d. law enforcement officials act aggressively to prevent a crime.