The USAutomobile Industry Has Evolved into the _____ Stage of Its

question 58

Multiple Choice

The U.S.automobile industry has evolved into the _____ stage of its industry life cycle.There are three major companies in the industry.All are striving to become more efficient and to improve the quality of the automobiles it produces.

• A)mature
• B)evolved
• C)growth
• D)decline
• E)developmental

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Definitions:

Raw Materials

These are the basic, unprocessed inputs used in manufacturing to produce finished goods.

Selling and Administrative Expense Budget

A detailed plan that estimates the expenses related to selling products and managing the business.

Fixed Costs

Costs that remain constant regardless of the amount of output or sales.

Variable Costs

Costs that change in proportion to the level of production or sales activity.