List the four stages of the product life cycle and discuss the typical characteristics for each stage.
What will be an ideal response?
The INTRODUCTORY STAGE is characterized by a high failure rate, little competition, frequent product modification, limited distribution, high marketing and production costs, negative profits, and promotion that stimulates primary demand.
The GROWTH STAGE is characterized by increased sales, new competitors, healthy profits that peak, aggressive brand promotion, expanded distribution, price reductions, and possible acquisitions.
The MATURITY STAGE is characterized by a peak in sales, lengthened product lines, style modifications, price reductions, falling profits, competitor turnover, heavy promotion, and brand "wars."
The DECLINE STAGE is characterized by a long-run drop in sales and profits, less demand, widespread competitor failure, reduction of advertising costs, and possible elimination of the product.
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a. $10,00 . U b. $46,00 . U c. $36,00 . U d. $10,00 . F
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A) $5,000
B) $10,000
C) $15,000
D) $20,000
Mitchell Corporation's accounting records include the following items for the year ending December 31, 2017
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31.5 is 10.5% of what number?
A) 300 B) 32 C) 33 D) 35