During the introduction stage of the product life cycle,
A. "me-too" products quickly take market share away from the innovator.
B. promotion is likely to be needed to build primary demand.
C. industry profits are at their highest.
D. most products achieve intensive distribution.
E. None of these answers is correct.
Answer: B
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Firms can reduce costs when customers order over the Internet in the following ways, except:
A) lower production costs in manufacturing the product B) reduced shipping costs since the customer pays for shipping C) decreased labor costs in stocking or restocking shelves D) lower sales costs since sales people are not used for the transaction
Suppose that a change in the expected inflation rate leads supply and demand to adjust so that the after-tax expected real interest rate is unchanged at 2.0 percent. The tax rate is 30 percent. Initially, the expected inflation rate is 3.0 percent. If the expected inflation rate rises from 3 percent to 6 percent, the nominal interest rate
A. rises by 3 percent. B. rises by 4.25 percent. C. falls by 4.25 percent. D. falls by 3 percent.
Which of the following is an example of demographic information?
a. An individual's level of intelligence b. An individual's moral values c. An individual's hobbies d. An individual's age
Price fixing is the primary example of a per se violation of the Sherman Act
Indicate whether the statement is true or false