Luxury products are the most likely types of products to behave according to the product life cycle theory of trade

Which of the following factors increases the power of suppliers?

A) disruptive innovation B) high switching costs C) low-scale operations D) lack of competitive advantage

Which of the following is a cause of action against the auditor for breach of contract?

a. Violating client confidentiality. b. Providing the audit report on time. c. Failing to discover an immaterial error or employee fraud. d. Withdrawing from an audit engagement with justification.