Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Introduction
Explanation:
The product life cycle is the process of defining different phases of product going from one phase to another until it perishes from the market over a period of time. It helps companies to implement strategies according to the stage of the product in the market. The four phases of product life cycle are:
- Introduction
- growth
- maturity.
- Decline.
Introduction: It is an initial stage of a product, where a new product is released in the market and stakes are very high as it requires more investment and promotion.
In the given case, a company have developed a new product and introduced in the market, therefore the product is in introduction stage of product life cycle.
I believe the answer is selective benefit.
Selective benefit refers to a form of special treatment that certain individuals have by giving a form of payment towards the others.
Example, Giving a huge amount of donation to the groups that advocate to stop global warming will turn into that group gathering support for the donation giver in the next election.
Answer: The primary source of purchasing power used to buy imported goods is the exports of a nation.
Explanation: Purchasing power is important because it allows a company too important and export goods from one nation to another. Depending on what currency terms are given, allows a nation to import or export said goods. Inflation plays a role in deciding how much of said goods are imported and exported.