Author Question: Profits decline during the _______ stage of the product life cycle because: A) maturity; consumers' ... (Read 35 times)

Chelseaamend · **on:** Jul 14, 2018

Profits decline during the _______ stage of the product life cycle because:
A) maturity; consumers' needs change.
B) growth; consumers are not aware of the product yet.
C) growth; competitors lower prices.
D) maturity; new products or technology have replaced the product.
E) maturity; competitors are leaving the market.

Question 2

An organization of nations formed to promote the free movement of resources and products among its members and to create common economic policies is called a(n):
A) economic community.
B) embargo.
C) common market.
D) international alliance.
E) none of the choices are correct.