Craft Inc'S Krayons Is a Multi-Colour Chalk Material That Was Released

question 81

Multiple Choice

Craft Inc.'s Krayons is a multi-colour chalk material that was released in the market over a century ago. Since the release, the company has had remarkable sales and Krayons has remained unchanged. However, over the last few years, sales of Krayons have been stagnant. Competitors have begun marking prices down and increasing their advertising and sales promotions. Craft's Krayons is most likely in the stage of the product life cycle.

• A) decline
• B) introduction
• C) growth
• D) incubation
• E) maturity

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Definitions:

FICA-Medicare

A federal tax in the United States deducted from employees' paychecks to fund the Medicare program, which provides health coverage to eligible elderly and disabled individuals.

Employee Federal Income Taxes

Taxes withheld from employees' salaries by employers to pay to the federal government.

Warranty Liability

A financial obligation representing the cost a company anticipates for repairing or replacing defective products during a warranty period.

Warranty Expense

The cost incurred by a company to repair, replace, or refund products sold during the warranty period.