Provide some examples of recent product changes, i.e. new products that are replacing older ones
What will be an ideal response?
Answers will vary. The list in the text includes: TV to HDTV, radio to satellite radio, coffee shops to Starbucks lifestyle coffee, traveling circuses to Cirque du Soleil, land lines to cell phones, cell phone to iPhone, Walkman to iPod, and mops to Swiffers.
Business
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A yacht maker produces customized yachts for a clientele that wants a one-of-a-kind watercraft. This process can be described as:
A) divergent. B) complex. C) specialized. D) hybrid.
Business
A letter of credit is an agreement by the bank to pay against documents rather than the actual merchandise
Indicate whether the statement is true or false.
Business