Fitbit the Pedometer Is Getting Kicked Up a Notch with the the New

question 60

Multiple Choice

Fitbit
The pedometer is getting kicked up a notch with the new Fitbit device. The Fitbit is a $99 motion-detecting sensing device that can measure the user's activity even when asleep. It digitally records the distance a user walks or runs, right down to the number of steps, and calories burned. The device wirelessly sends data to its Web site, fitbit.com, giving users minute-by-minute details. Users can add consumption information at the Web site, allowing an accurate picture of calorie consumption and expenditures. Unlike other devices, like the Nike + iPod Sport Kit that monitors walking and running and sells for $29 or the Zeo Personal Sleep Coach that records brainwaves while the user is sleeping and sells for $399, the Fitbit combines both functions. The first-time Fitbit setup isn't very easy for users, but once over that hurdle, it's relative easy to use.
-Refer to Fitbit.The company marketing the Fitbit does not currently market a product like this.Which of the following best represents the category of new product the Fitbit is for this company?

• A) New-to-the-world product
• B) New product line
• C) Addition to existing product lines
• D) Repositioned product
• E) Incremental product

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Definitions:

Spot Rate

The current market price at which a currency can be bought or sold for immediate delivery.

Forward Rate

An agreed-upon exchange rate for a currency transaction that will occur at a future date.

Spot Rate

The current market price to immediately exchange one currency for another, often used for immediate currency trades.

Forward Contract

A customizable financial contract between two parties to buy or sell an asset at a specified future date and price.