In the context of the product life cycle, a long-run drop in a product's sales signals the beginning of the _____
a. introductory stage
b. growth stage
c. maturity stage
d. decline stage
ANSWER: d
A long-run drop in sales signals the beginning of the decline stage. The rate of decline is governed by how rapidly consumer tastes change or substitute products are adopted.
You might also like to view...
Traditional channels of distribution
A. are usually controlled through strong legal contracts. B. may involve little or no cooperation among channel members. C. are more easily controlled than corporate channel systems. D. do not perform bulk-breaking activities. E. are usually preferred to other distribution arrangements.
When appraising an automobile mechanic, Mac based his appraisal on the individual’s performance doing routine maintenance and repairs on cars. It appears that Mac is basing his appraisal on ________.
A. traits B. behaviors C. results D. incidents E. None of the above
Suppose you are the president of a small, publicly-traded corporation. Since you believe that your firm's stock price is temporarily depressed, all additional capital funds required during the current year will be raised using debt. In this case, the appropriate marginal cost of capital for use in capital budgeting during the current year is the after-tax cost of debt.
Answer the following statement true (T) or false (F)
A problem with disagreement within a decision-making group is that the disagreement encourages groupthink
Indicate whether the statement is true or false.