Apple Inc Is Known for Innovation

question 132

Multiple Choice

Apple Inc. is known for innovation. They changed the way music is consumed with the invention of the iPod. Today the iPod is in the ________stage of the Product Life Cycle.

• A)maturity
• B)decline
• C)growth
• D)harvest

---

Definitions:

Fair Trade

A trading partnership, based on dialogue, transparency, and respect, that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers.

Free Trading Nation

A country that has implemented policies to minimize barriers to trade with other countries, such as tariffs and quotas.

Trade Surplus

A situation where a country's exports exceed its imports, leading to a positive balance of trade.

Tariffs

Taxes imposed by a government on imported goods to protect domestic industries and generate revenue.