List the various stages of the product life cycle and describe the characteristics of each stage
What will be an ideal response?
a. Introduction stage – the growth rate and the size of the market are low. At this stage there is normally one company, the pioneer in that category.
b. Growth stage – there is rapid sales growth rate in the early stages which begins to flatten out in the late stages. The number of competitors increases, the focus is on sales, and communications emphasize competitive advantage.
c. Maturity stage – where sales begin to flatten and there is competitive intensity for market share, access to distribution, large amounts of money spent on trade and consumer promotion, and competitive pricing.
d. Decline stage – where sales decline, where marginal competitors drop out of the market, and the firm must decide whether to continue investing in the category, harvest, or withdraw from the market.
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Generally, reasonable liquidated damage clauses will be enforced
a. when actual damages are easily determined. b. when actual damages are difficult to determine. c. almost always. d. only in real estate sales contracts.
Which of the following is a characteristic of a table that is in first normal form?
A. It doesn't contain repeating groups. B. It has at least two foreign keys. C. It doesn't have a primary key D. There are no alternate keys.
The Statute of Frauds operates as a defense to the enforcement of any contract for the sale of land
Indicate whether the statement is true or false
You are on the subway in New York when you overhear two people you do not know talking about an upcoming merger, news not yet public. They seem to know their stuff. If you buy stock based on this information, and profit when the information turns out true, you have:
a. violated the Insider Trading Sanctions Act and are likely to face criminal charges b. engaged in insider trading that is probably illegal c. not engaged in insider trading because you are not a corporate officer d. not engaged in insider trading because once you overheard the information it was public e. none of the other choices