Sales and profits decline during the last stage of the product life cycle because:
A) consumers' needs change and the product is no longer desirable.
B) competitors have entered the market.
C) the market is saturated and competitors have lowered prices.
D) consumers are unaware of the product.
E) there has been a recall on the product and consumers are afraid to purchase it.
Question 2
The goals of regional economic integration include:
A) increased trade barriers.
B) lower tariffs.
C) smaller flow of international trade.
D) political and economic isolation of individual countries.
E) lower import quotas.
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