Which of the following is true of the product life cycle (PLC)?
A) All products generally go through all five stages of the PLC.
B) All products pass through the stages of PLC in the same order.
C) It is generally difficult to forecast the sales level at each PLC stage.
D) The PLC concept can be applied to styles but not to fashions and fads.
E) Product forms have longer life cycles than product classes.
C
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A bond yielded a real rate of return of 3.87 percent for a time period when the inflation rate was 3.75 percent. What was the actual nominal rate of return?
A. 87.58 percent B. 7.62 percent C. 7.77 percent D. 8.28 percent E. .36 percent
Henry made an offer To purchase real property. However, he died of a heart attack before the listing broker could notify him of an unqualified, signed acceptance by the seller. Based on these facts, which of the following is true?
A. Notification to the administrator or executor would bind the estate. B. The death of Henry constituted a revulsion of the offer. C. The offer and acceptance constitute an enforceable contract. D. The sale would not be binding because the deed was not delivered before Henry's death.