The market life cycle should be used for short-run forecasting because it provides a conceptual framework for understanding what changes typically occur over the life of an industry.
Answer the following statement true (T) or false (F)
False
The industry life cycle refers to the stages of introduction, growth, maturity, and decline that occur over the life of an industry. In considering the industry life cycle, it is useful to think in terms of broad product lines such as personal computers, photocopiers, or long-distance telephone service. Changes tend to be slower than what is needed for forecasting.
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Indicate whether the statement is true or false.
In the introductory stage, the level of product innovation is at a maximum. Elaborate.
What will be an ideal response?
Notren, Inc, a U.S. company, and SWT, a Singapore company, entered into a contract under which SWT is to ship party supplies to Notren. One of the terms of the contract states, "Any disputes that arise under this contract will be resolved in the courts of Singapore." This contract term is a A)letter of credit
B)choice of language clause. C)choice of forum clause. D)draft clause.
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Indicate whether the statement is true or false