Which of the following is a feature of the growth stage of the industry life cycle?
A. The basis of competition moves away from process innovation.
B. The number of competitors decreases.
C. The consumer demand increases.
D. The prices of goods begin to rise.
Answer: C
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Unhappy customers are ______ as likely to spread negative word of mouth as happy ones are to spread positive word of mouth.
a. just b. twice c. three times d. four times
Corporate strategy guides decisions about ______.
a. what businesses to acquire b. how to compete in a business c. what products to offer d. how to design a given product
What is the optimal weekly profit?
A) $1000 B) $900 C) $800 D) $700
A business's stakeholders, whose conflicting perspectives cause ethical and social dilemmas, include:
A) lenders. B) suppliers. C) owners. D) employees. E) all of the above.