A high debt ratio indicates an excessive amount of debt and should be reduced over time to avoid any debt repayment problems

When a product is in the growth stage of its product life cycle, which of the following occurs?

a. Persuasive and reminder advertising is decreased. b. Heavy advertising is used to build brand loyalty. c. Personal selling and sales promotions are the major elements of the promotional mix used. d. Personal selling is ineffective.

In order to renew an active broker's license, each licensee must complete 24 hours of continuing education each year.

a. true b. false