Explain how the PLC applies differently to a product class than to a product form
What will be an ideal response?
Product classes have longer life cycles, while product forms tend to have the standard PLC shape.
Business
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Which of the following is the traditional rationale for sourcing abroad?
A) technological advances B) managerial talent C) cost efficiency D) higher wages
Business
John is a sales representative in a jewelry store. He typically works 40 hours per week and his pay is completely based on his sales. He earns a 5% commission for every sale he makes. Which of the following terms best describes John's situation?
A) pay for performance B) indirect financial compensation C) time-based compensation D) piecework pay
Business