Needles, Inc

question 50

Multiple Choice

Needles, Inc., has five of its ten products at the end of the product life cycle. To maintain its market share, the firm must at least find ways to

• A) reduce the cost of marketing its products.
• B) cut manufacturing costs.
• C) extend or refine the want-satisfying capability of its products.
• D) reduce the number of employees.
• E) increase the price of the product.

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Definitions:

Public-Works Programs

Government-funded projects aimed at creating jobs and building public infrastructure like roads, schools, and hospitals.

Grand Coulee Dam

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"Brains Trust"

A group of close advisors, academics, and economists who advised President Franklin D. Roosevelt during the New Deal.

Large Corporations

Major companies or enterprises that operate in multiple countries and have a significant impact on the economy.