During the market maturity stage of the product life cycle, the basic promotion objective is persuading.
Answer the following statement true (T) or false (F)
True
During the market maturity stage, persuading is common and reminding may also be quite effective.
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What is GAS? Identify two examples of GAS products
Which of the following is classified as a current asset?
A. Land. B. Unearned revenue. C. Office supplies. D. Patent. E. Office equipment.
A firm purchased an office machine for $4,600, estimated that it will use the machine for 15 years, and estimated a salvage value of $100 . On December 31 of the sixth year, before closing the books for the year, the firm analyzed its estimates of useful life and salvage value. In light of new information, the firm estimated that the machine will have a total useful life of only 10 years, and the
salvage estimate of $100 remains reasonable. The new estimate of the remaining life is five years (the year just ended plus the next four). The depreciation entry on December 31 of the sixth year and each year thereafter is: a. Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .300 b. Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600 Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .600 c. Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . .300 Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 d. Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . .600 Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600 e. none of the above
A company's store was destroyed by an earthquake on February 10 of the current year. The only information for the current period that could be salvaged included the following: Beginning inventory, January 1:$44,000Purchases to date:$198,000Sales to date:$310,000Historically, the company's gross profit ratio has been 30%. Estimate the value of the destroyed inventory using the gross profit method.
What will be an ideal response?