Refer to the following diagram. Which of the following answers provides the best interpretation of the multiplicities for the association between the Order class and the Products class?
A. Each product has been ordered at least once.
B. Each order must specify the same products as the previous quote.
C. An order does not have to include a product.
D. An order may include many products.
Answer: D
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Everyday low pricing is most suitable if ________
A) consumers are willing to perform activities such as clip coupons to avail of discounts B) consumers tend to associate price with quality C) customers are insensitive to changes in price D) the cost of conducting frequent sales and promotions is high E) consumers have sufficient time to find the best prices
How does availability of complements act as a value driver?
A. Complements add value to a product by offering an inferior substitute to it. B. Complements add value to a product when they are consumed in tandem with it. C. Complements add value to a product when they imitate it. D. Complements add value to a product by competing with it.
Operating leverage refers to the existence of fixed operating costs
Indicate whether the statement is true or false
Recently a company brought a miniature version of its cereal bars to market. The nugget-sized product was very successful because it was not messy. Another company then introduced a similar product under its own brand
Mini-cereal bars are most likely in the ________ stage of their product life cycle. A) introduction B) youth C) growth D) maturity E) extension