Normally, what is the longest stage of the product life cycle?
a. introduction
b. maturity
c. decay
d. growth
Ans: b. maturity
Business
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Bronte Corporation acquired two inventory items at a lump-sum cost of $160,000 units of product A, and 14,000 units of product B. Product A normally sells for $24 per unit, and product B for $8 per unit. If Bronte sells 2,000 units of A, what amount of gross profit should it recognize?
a) $1,500 b) $4,500 c) $18,000 d) $9,500
Business
Calculate the net marketing contribution variance, if the actual net marketing contribution and net marketing contribution estimated in the plan are $450,000 and $900,000, respectively. The actual percentage of market share is 25%
A) $450,000 B) $11,250 C) -$450,000 D) -$11,250 E) $225,000
Business