Which of the hypothetical new products, if successful, would most likely diffuse its production and sales according to the product life cycle theory?
A) a Ferrari sports car selling for 200,000 to a niche, upper-end market
B) a Sony television that receives global transmissions without a satellite dish or cable connection, introduced at a high price but targeted eventually for sale to a mass market
C) a new Diet Coca-Cola soft drink flavored with cranberries
D) a Kyocera plastic chip carrier, which is expected to be quickly obsolete because of innovations
Question 2
During the gold standard, most firms preferred their payment in gold rather than in currency.
Indicate whether the statement is true or false
A hypothetical example of the bottleneck effect.
Production efficiency.
Primary production is constrained by the most limiting factor.
Canada's Major Fertilizer Producers and their Products
World Crude Oil Production and Reserves (Billions of Barrels)
Production of prototrophs as a result of genetic recombination