Which of the following statements regarding socially responsible product decisions is correct?
A.
Manufacturers are generally not concerned with product liability.
B.
When companies drop products, they do not have any obligations to suppliers, dealers, and customers.
C.
Companies can safely ignore patent laws.
D.
The government may prevent companies from adding products through acquisitions if the effect threatens to decrease
competition.
.
E.
Safety legislation has been passed to regulate chemical substances, drugs, and poisons, but not toys, automobiles, or fabrics.
Which of the following is a useful plan during the market maturity stage of the product life cycle?
Which of the following is a useful plan during the market maturity stage of the product life cycle? Slash product prices to maintain market share. In which product life cycle stage must companies focus on educating potential customers about the advantages of a new product concept?
What three items characterize the decline stage of the product life cycle?
in the decline stage of the product life cycle, a firm needs to decide whether it should cut back resources, attempt to revive the product, or terminate marketing a product.