Introducing a new product into the market is called ________

A) test marketing
B) new product development
C) experimenting
D) commercialization
E) marketing development

D

Business

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If a pair of variables have a strong curvilinear relationship, which of the following is true?

A) The correlation coefficient will be able to indicate that curvature is present. B) A scatter plot will not be needed to indicate that curvature is present. C) The correlation coefficient will not be able to indicate the relationship is curved. D) The correlation coefficient will be equal to zero.

Business

Bobby develops a way to clone catfish. He finds that this is a very economical way to run his fish business. He begins selling the catfish to grocers in the area. Other fish producers, who do not know how to clone the fish, are very annoyed with Bobby and start to complain. They tell Bobby that he is violating federal law by not placing a label on his fish notifying consumes that the fish are

cloned. Is Bobby in violation of the law? a. Bobby is not in violation of federal law, but he should check to see if his state has such a requirement because labeling legislation has been introduce in some states. b. Bobby is not in violation of federal law nor have any states made any effort to require notification of cloned products. c. Bobby is in violation of federal law by not notifying consumers through labeling of the cloning. d. Bobby is in violation of federal law by not notifying consumers through labeling of the cloning only if there is evidence that the nutritional value of the fish is less than that of noncloned fish.

Business