Compare and contrast line extensions and product modifications.
What will be an ideal response?
A line extension is the development of a product closely related to one or more products in the existing product line but designed specifically to meet somewhat different customer needs. On the other hand, a product modification involves changing one or more characteristics of a product. A product modification differs from a line extension because the original product does not remain in the line. However, like a line extension, a product modification entails less risk than developing new products.
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Consider a fixed-payment security that pays $100 at the end of every year for three years. If the annual rate of discount is 10 percent, the present value of the security is
A. $24.87. B. $248.69. C. $294.10. D. $1,000.00.
A $100 specific tariff provides home producers more protection from foreign competition when
a. the home market buys cheaper products rather than expensive products. b. it is applied to a commodity with many grade variations. c. the home demand for a good is elastic with respect to price changes. d. it is levied on manufactured goods rather than primary products.
Amanda is a twenty-four year old student. For two years Amanda has been going to gym and using weight equipment, stationary bicycles, and step machines to improve muscle tone. One spring afternoon Amanda was using a weight machines in the usual way (and the way she was showed how to use it), when the machine malfunctioned causing her serious injury. The company that made the machine, Musclematic,
has known for the past year that this problem existed, but the company took no steps to warn people who owned or used these machines of the problem. Suppose that Amanda and Musclematic do not settle the case. It must go to trial. Who will present their case first? a. Amanda b. Musclematic c. the judge d. the attorney for the gym e. none of the other choices
Describing an object in terms of behaviors without concern for how those behaviors are actually implemented is called ________
a) information hiding b) data abstraction c) method construction d) property hiding