All of the following are characteristics of the maturity stage of the product life-cycle except

A) a peak in the sales curve.
B) a decline in the sales curve.
C) simplification of product lines.
D) increased distribution.
E) increased price competition.


D

Business

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In order to increase efficiency, business-to-business service providers have eliminated customer participation in service delivery.

Answer the following statement true (T) or false (F)

Business

Refer to the following selected financial information from Texas Electronics. Compute the company's acid-test ratio for Year 2.  Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000  90,000 Accounts receivable, net 85,500  86,250 Merchandise inventory 121,000  117,000 Prepaid expenses 12,100  13,500 Plant assets 388,000  392,000 Accounts payable 113,400  111,750 Net sales 711,000  706,000 Cost of goods sold 390,000  385,500 

A. 3.05. B. 2.26. C. 1.98. D. 2.95. E. 1.88.

Business

A contractor used dynamite to loosen a rocky hillside. The blast from the dynamite caused a house foundation to crack. The house was located over a half-mile away from the dynamite site. The contractor was careful when using the dynamite and no

allegation of negligence is made. However, the house owner claims the contractor is liable for damage to the foundation. Is the house owner correct? Explain.

Business

A debt backed by some physical asset other than land, such as machinery, equipment, or inventory, is termed ________.

A. chattel mortgage loan B. intermediate-term security C. trade credit D. preferred equity

Business