The phases of buying are: problem identification, pre-shopping activities, evaluating alternatives, selection and purchase, post-purchase activities.

One weakness of the times interest earned ratio is that it includes only the annual interest expense

as a finance expense and ignores other financing items such as lease payments that must be paid. Indicate whether the statement is true or false

The displacement of one technology by another, as shown by two S-shaped curves on a graph, is referred to as

A) economies of scope versus operating leverage. B) technology transfer. C) the R&D mix. D) technological discontinuity. E) a disjunctive learning or experience curve.