A business can be organized as a sole proprietorship, partnership, corporation, or limited-liability company (LLC)

Which of the following is a favorable condition for implementing penetration pricing?

A) quality-sensitive customers B) less competitors C) less substitutes D) high sustainable advantage E) easy competitor entry

During the decline stage of the product life cycle, product sales may plunge to zero, or they may drop to a low level where they continue for many years

Indicate whether the statement is true or false