Stage 1 of the industry life cycle is characterized by all of the following EXCEPT:
A) there is little demand for the company's products and services.
B) the firm's revenue is low but there are high prospects for growth.
C) competition is fierce and profit margins begin to narrow.
D) firms need a significant amount of cash in order to grow.
C
Business
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The letter of transmittal
A) may follow the direct or indirect plan. B) has a more formal style than the report itself. C) is usually included as an appendix. D) should be written in an informal tone. E) is never written as a memo.
Business
The shareholders are the owners of the corporation and have direct control over its operation
Indicate whether the statement is true or false
Business