To Add a "Punch" to Your Ending,you May

question 24

Multiple Choice

To add a "punch" to your ending,you may

• A)tell a story.
• B)remind the audience of the main points.
• C)end with a well-known quotation.
• D)ask the audience a question.

Analyze how pioneer products change consumer behavior and create new markets.

Understand the challenges faced by first movers and how they establish markets.

Examine strategies for targeting innovators and early adopters to gain market acceptance.

Recognize the impact of diffusion of innovation on product life cycle.

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Definitions:

Perpetual Inventory System

An inventory system that updates the quantity and cost of inventory immediately following purchase or sale activities.

Merchandise Inventory

Goods and products that a retailer, wholesaler, or distributor holds in stock with the intent to sell them for profit.

Cost of Goods Sold

The total direct costs attributable to the production of goods sold by a company during a specific period.

Sales Returns & Allowances

Transactions where sellers accept returned goods from buyers, or provide a price reduction or discount, reducing the initial sales revenue.