Flip phones would likely be characterized as being in which stage of the product life cycle?
A) Decline
B) Maturity
C) Expansion
D) Growth
E) Introduction
Question 2
Three construction contractors decide to form a real estate development firm where they will share ownership and decision making. They would like the ability to allow others to buy in to the business, but only if those people will be active participants who can add value to the existing ownership team. They should most likely choose a:
A) sole proprietorship.
B) syndicate.
C) partnership or LLC.
D) joint venture.
E) sole proprietorship or LLC.