Product X is just beginning to generate a profit for the first time as the manufacturer lowers prices slightly and sees a significant increase in sales. At what stage in the product life cycle is Product X?
What will be an ideal response?
Answer: It is entering the growth stage. The growth stage is when sales climb, profits begin, and marketers generally continue promotional expenditures to increase sales.
Business
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By combining more assignments into a single layer, organizations give managers more flexibility in making assignments and awarding pay increases which results in:
A. outsourcing. B. broad bands. C. rightsizing. D. benchmarks. E. downsizing.
Business
The maximax criterion of decision making requires that all decision alternatives have an equal probability of occurrence
Indicate whether the statement is true or false
Business