Based on business strategies and production, the statement that is true about product life cycles is "Early adopters buy in the introductory phase."
<h3>What is the Life Cycle of a Product</h3>
The life cycle of a product is a term that is used to describe the proportion of time a product goes from being introduced into the market by the producers until it's taken off the shelve.
Usually, the product life cycle is in different stages, and each of the stages is important to the success of the products in the market.
<h3>The Life cycle of a product is the following:</h3>
- introduction,
- growth,
- maturity, and
- decline.
Generally, the in the introduction stage of a product's life the early adopters are the first category of consumers that try new products before most other consumers key into it.
Hence, in this case, it is concluded that the correct answer is option c. "Early adopters buy in the introductory phase."
Learn more about the Product Life cycle here: brainly.com/question/7510515
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He ledger contains a list of business transactions
Answer:
Total PV= $522.92
Explanation:
Giving the following information:
First payment= $450 at the end of the 7th year
Second payment= $450 at the end of the 12 year
Interest rate= 6% compounded annually
<u>To calculate the present value, we need to use the following formula on each payment:</u>
PV= FV/(1+i)^n
Cf1= 450/1.06^7= 299.28
Cf2= 450/1.06^12= 223.64
Total PV= $522.92
To protect domestic businesses.
Let’s think of the USA and China:
If:
USA steel factories produces 1 steel girder and sells at $1000
Chinese steel factories produces 1 steel girder and sells at $500
—— If there is NO quotas, tariffs or other protectionisms, then the most rational thing is to purchase the Chinese steel girders. Harming USA steel factories.
—— If USA raises tariffs: Puts 50% tariff of Chinese steel
- Then Chinese steel, for USA consumers would cost $750. Lowering USA’s demand for Chinese steel but increasing USA consumer’s demand for USA steel.
They can increase the USA’s economic welfare as many domestic steel-extracting factories and their employee’s are protected/benefitted. Though, it may harm some manufacturing jobs.
Well, in the end it depends on the scale of those trade barriers.