Three important aspects of product life cycles are (1) their length, (2) the shape of their sales curves, and (3) the rate at which Multiple Choice consumers switch brands. environmental forces change the environment. consumers use word-of-mouth. competitors create rival offerings. consumers adopt products.

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Explain the relationship between consumers and producers in economic growth and activity