Which type of product has equally rapid introduction and decline stages of the product life cycle?
A. generalized products
B. fashion products
C. fad products
D. low-learning products
E. high-learning products
Answer: C
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Answer the following statements true (T) or false (F)
1.If the U.S. demand for Korean steel is price elastic, an export subsidy granted to Korean steel firms will increase Korea's export revenue. 2.International dumping occurs when foreign buyers are charged higher prices than domestic buyers for an identical product, after allowing for transportation costs and tariff duties. 3.Sporadic (distress) dumping would occur if domestic orange producers dispose of an excess quantity of oranges, resulting from an abnormally large harvest, by selling them at lower prices abroad than at home. 4.Predatory dumping would occur if Toyota Inc. of Japan sells autos to U.S. consumers at lower prices than to Japanese consumers in order to put Chrysler Inc. out of business. 5.A firm would increase profits from dumping if it charged a lower price at home, where demand is inelastic, and a higher price abroad, where demand is elastic.
The United Nations Framework Convention on Climate Change (UNFCCC) was adopted at the Stockholm Declaration
Indicate whether the statement is true or false
Here's a portion of the sensitivity analysis for the constraints. Which of these statements is best?
Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $E$10 Bar/Food 0 1560 0 5 16 $E$11 Budget 150000 3.4 150000 1E+30 96200 $E$6 Excursions 24.24 0 5 19.24 1E+30 $E$7 Restaurant 12 -1660 12 16 5 A) If the budget rises to $150,001, then the optimal mix will result in an increased revenue of $3.40. B) If the excursions rise to 6, then the optimal mix will result in increased revenue of $19.24. C) If the restaurant constraint increased to 13, the optimal mix will result in increased revenues of $1,660. D) If the bar/food constraint rises to 1560, then the revenue will rise by a factor of 16.
Under the common law, innkeepers are held to a strict liability standard for loss to personal property of transient guests
Indicate whether the statement is true or false